One concern for traders and investors would be that the good cheer created by the development of this Phase One deal, as well as actions taken by the FOMC, are nearing or at the point where the headline risk points in the other direction.
Earnings reports are solid but this overbought market is looking for a good reason to consolidate a big move.
Those technical levels are useless right now.
The group is in position to set up for another run.
Monday brought more record highs for the broader equity indices. As a trader, the feeling is so eerie. I'm not kidding.
What if a stock is being propelled by actual events or changes?
The trades with the best risk/return ratio occur after the report is released.
JP Morgan, Citigroup, and Wells Fargo will be first up.
Beijing appears to have eased up on its ban on tour groups and individual travel to South Korea. Watch Korean consumer stocks in 2020 if that continues.
Insiders are now officially heading for the exits.