By Chris Becker
Stocks were quite mixed overnight with European bourses leading the way before getting wobbly on Wall Street, where the White House tried to dampen the Trump trade war casualties, but risk managers weren’t buying it. Most industrial stocks fell and only tech stocks advanced. Currency markets were relatively calm while bonds advanced and commodities retreated.
Recapping action in Asia yesterday where the Shanghai Composite slumped after the long lunch break, closing 0.6% lower to close at 3267 points, still clearly unable to beat resistance above at the 3300 point level. Until momentum is positive on the daily chart I’m not getting excited about any moves near 3300:
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