Amazing Stock Action On Earnings But...

We've seen some amazing action on earnings. Good earnings news is good news for stocks yet bad news is good news.  This type of action has to be noticed.

Investors are looking through some bad news.

The issue though is if this trade war gets extended as Secretary Wilbur Ross acknowledged today. The major reason for the tech slowdown is CEOs waiting for trade resolution. If that resolution gets pushed out we have further fundamental risk.

In the meantime the market is still pointing up short term. We're thinking that there's some near term risk but dips the last couple of days have been purchased showing some support.

We'll take it step by step.

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All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. We have no holdings in the stocks mentioned unless otherwise noted.

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