My Game Plan Is Still to Play Defense

The dip buyers made a decent try following the gap down open, but they have fizzled out and the indices are now retesting the lows of the day. This is a significant shift in market character and will be of particular significance should the indices close near the lows of the day. The market has done a good job of shrugging off the worries over trade wars for months but it is growing weary of the situation especially since there does not seem to be any clear time-line for some possible solutions to the problems.

As the old saying going, the market hates uncertainty and right now the biggest uncertainty is how much longer the trade war situation will continue. Market players don't seem particularly worried about major economic problems as a result of this issue but they don't have much clarity as to how things will ultimately be resolved....204 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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