700+ Point Dow Swing
The Dow opened at a loss of over 500 points and now with about 12 minutes left in the trading day it is up 227 points - incredible swing! Buyers came in and some market commentators suggested that the trade war, in the long run, could add value to the markets. Others also surmised that nothing is written in stone as of yet and that the tariffs may never take hold and if they do not as advertised. On this news the markets started a turnaround and steadily marched higher. Our alert on AT&T (T) we continue to hold with 16 days remaining to expiration and it is showing some signs of improvement. Where will the markets head tomorrow? Nobody knows so we hold on for more volatility.