No, the trade war is not over. Fakeout Likely

90 day halt on resuming trade war tariffs. Not a cancellation.

Even the White House was confused on Trump’s terms of the trade halt.
Biz Insider Version

White House confusion of trade war
Breitbart Version

It appears that the 90 day halt on increasing tariffs began on Dec 1. Meaning if a deal is not reached within 90 days (not looking likely) volatility will remain the norm for quite some time.

Trade War on hold…

Xi and Trump have apparently agreed to hold off on further tariffs. A lot of the volatility in recent weeks was hinged on this meeting at G20, so expect a drop in the VIX, Chinese markets to skyrocket, and a start to the Santa Claus rally. TREAD WITH CAUTION. Traders are expecting the seasonal rally, so it’s very likely any immediate run ups will suck people in quickly before retesting the lows of October somewhere in the next few weeks.

 

 

G20 Summit Expectations all over the board

 

Expectations of what China and the US will discuss at G-20 summit

Ahead of G-20, Trump directs his trade team to find more ways to tax China

Crude oil down to lowest price of 2018

Farm Bankruptcies surging

Marriott Hotels (MAR) down 6% after data breach of over 500 million customers

Abercrombie and Fitch (ANF) up 21% yesterday after earnings beat (How the hell…)

Starbucks is banning porn on its Wi-Fi in 2019…
(why people are jerking off in coffee shops has yet to be determined.)

Forbes analysis of a decent closed end fund for income (PCM)

Google (GOOGL) possibly manipulating search results to hide conservative sites (Breitbart)

‘Pick-and-shovel’ stocks are the best way to get into the marijuana industry, money manager says
This article is a must read for people looking at weed stocks (IIPR, SMG, GWPH, KSHB)

Adrian Day’s views on the current state of royalty companies

Technicals

S&P 500 bouncing off resistance at 200 day SMA. Target reversion to 9 day EMA. 50 day SMA is only 1.3% above 200 day SMA. Watch for possible death cross which tends to trigger a mass of selling.

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Daily NYSE McClellan Oscillator Chart

Previous day MO from  Mcclellan Financial Publications