Wednesday, October 16, 2019

Newsflash of the Day

While finishing this week's message (coming to you earlier this week) I noted the trading action that occurs on headlines and tweets. While typing, lo and behold, I noticed the S&P 500 (which was trading notably lower on the morning) shooting higher on the one-minute chart.

Here's the chart:

Here's the newsflash:
Trump Says China Trade Deal Likely Signed at November Xi Meeting
President Donald Trump said a trade deal with China probably will not be signed until he meets with Chinese President Xi Jinping at the APEC summit next month in Chile.
“China has started buying already from the farmers”...
Traders heard "deal", "likely" and "signed"...

Watch for this week's message coming a little later this morning... 

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