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Signs of trouble in trade negotiations put an end to stock's weekly streak of gains. Reports that China was not as willing as initially thought to proceed with the terms of the phase one deal sent fear throughout investors that trade progress was about to be derailed again. What was suppose to be a deal that would be complete within two months of its inception, 'phase one' is now potentially forecasted to be completed next year. You can clearly see in the weekly chart below when that made the news. ...

Stocks opened lower on Thursday, then chopped around in a fairly tight range, but the bears really didn't seem to have their hearts into trying to take the market down, when it felt like the bulls were giving them the opportunity. Internally, the damage continues to look bad, but we're still near the all-time highs on the big three indices. The Dow lost 55-points, or 0.2%, which was about what the S&P and Nasdaq did. Small caps lagged and bonds took a day of rest ...

Stocks opened slightly lower on Wednesday and were holding up just below the flat line until about midday when a negative trade headline hit the wire, and stocks pulled back sharply. We saw losses of near 1% at the lows but by late afternoon we saw dip buyers show up and take back about half of that trade triggered decline. The Dow ended the day down a modest 0.40%, with similar percentage losses in the other major indices.

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Stocks were mixed on Tuesday with the major indices again splitting between gains and losses on the day. The Dow lost 102-points or 0.36%, but a 5% decline in Home Depot accounted for about 90 of those 102 points lost. The Nasdaq and small caps had a good day while the S&P 500 was basically flat, and the Transports posted a modest loss.

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It was another snoozer on Wall Street Monday with a bullish bias as the small early losses turned into small late gains by the close. The Dow gained 31-points and the gains pushed the big three indices into more new all-time highs. Small caps lagged a bit and the Transports closed flat after coming back from a sharper early loss.
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