stock market

New lows exceeded new highs on Tuesday despite the strength in the indices, which is unusual.
FDX falls whenever U.S./Chinese trade fight heats up.
It explains a ton how you can rally on a day you would expect to be down.
This is an ideal setup for a short squeeze.
Everyone should be long and enjoying the ride.
It is likely that value buyers will be looking for entry soon as the stock tests the $240 area.
MSFT is still outperforming the Nasdaq Composite, the Information Technology sector, and the software industry.
The Chinese government could intervene to support its markets, but the charts suggests China's key stock index could decline further near term.
But the indices are covering up some very weak action under the surface.
Washington is no longer held captive by U.S. companies that want to feast off of China.

Columnist Conversations

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