The 200-day MA Is In Play

This morning the market is going to test a major moving average and we will be able to gauge the selling pressure.

PRE-OPEN MARKET COMMENTARY MONDAY - If you believe that the market sell off was primarily caused by the threat of tariffs, you will rejoice this morning. Trump is going to hold back "some" tariffs. What does that mean? Which ones? When were they going into effect? The tariffs have been a bunch of bluster to throw everyone off balance. The plan changes like the wind and that is by design. Trump likes to make it clear who is in charge and he drives everyone into a tailspin thinking about worst case scenarios. Then he moves back to the middle (which is where he wants to be) and he looks like the "good guy". We saw this tactic four years ago. 

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