Market Update 9-1-2019

It is all about tariffs!
The latest round of US tariffs on additional goods from China went into effect today.
Overnight S&P 500 Futures are down about .60% right now.
We should expect the market to open down, after the Labor Day Holiday, on Tuesday, 9/3/2019.
Here is the latest video update and chart analysis:

As always, I welcome your questions, comments and feedback.

Dean

6 Comments

  • P

    Reply Reply September 2, 2019

    Awesome!. Keep it coming. Thanks for the update.

    • Dean Jenkins

      Reply Reply September 2, 2019

      P,

      You are welcome. I’ll continue to do my best!

      Dean

  • Robert

    Reply Reply September 2, 2019

    I believe you are spot on in your market analysis, looking more to the downside as we monitor the overall markets behavior. I believe the mid-cap & small cap markets are more bearish than bullish as we begin the month of September 2019.

    • Dean Jenkins

      Reply Reply September 2, 2019

      Robert,

      Thanks. I agree and am short the Russell using IWM.

      Dean

  • Christophe Dumortier

    Reply Reply September 2, 2019

    Hi Dean,

    I believe it is not all about tariffs as last week, after china retaliated and the US added new additional tariffs and trump asked US cies to think about leaving China, the markets went down during one day and then recuperated all the losses over the week. It was difficult for Trump to be more threatening than that but the market didn’t move in the end.

    Secondly, I find that you are doing less and less technical analysis in your videos and that’s a pity. Because everybody can read the news about tariffs and see a chart with one or two of the major MAs but not everybody is able to read a chart as accurately as you can do it. There is in my opinion a possible head & shoulder forming on the weekly chart of the S&P pointing to a narrow choppy market for the coming weeks and then a serious break-out to the up or down side. The right shoulder of that figure is actually the level that you mention is resistance on the 50 SMA and is a level that has been acting as resistance in a recent past.

    Regards,
    Christophe

    • Dean Jenkins

      Reply Reply September 2, 2019

      Christophe,

      Thanks for your comments. I wasn’t sure if I was doing too much tech analysis before – trying to find a balance. You feedback is helpful!

      Dean

Leave A Response

* Denotes Required Field