Daily Chart thru Mar. 9
The latest economic news out of China is about imports and exports. The February merchandise trade surplus was $32.6 billion versus an estimate of $48.7 billion.
Exports tumbled 25.4% from a year ago while imports shrank 13.8%. On a seasonally adjusted basis, exports shrank 19.9% in February after falling 15.9% in January. The following image comes from an article that further discusses the numbers. Continue reading
Attached below is the very condensed version of what I provide to the Insider Members in their Weekend Market Analysis.
So we got a bounce from deeply oversold conditions on Thursday and Friday. Is that it. Is the selling over? Are the bears tired? Continue reading
You know those machines. The ones that go beep…beep…beep as they monitor your heart rate. Well one that is monitoring global economic activity is barely beeping. The Baltic Dry Index just hit another new all-time low yesterday. Continue reading
Do you know where your chair is? Or when to exit? Or what your stop is? The stock market picture continues to worsen and you better have a plan if you are an investor. And if you are a trader then you already know your plan…right? Continue reading
Attached below is the very condensed version of what I provide to the Insider Members in their Weekend Market Analysis. If you would like much more analysis, Elliott Wave perspective and trade ideas, check out the membership page.
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