Trade jitters may impact trading this week.....

Trade jitters are taking center stage with China refusing to engage with USA, Canadian delegation is also reaching a very high frustration with " take it or leave it attitude of US " Trade deal is done with negotiations not dictation. All this international jitters in trade may hit negatively in stock market.

Then there is Fed deciding on interest rate direction @ 2 PM on Wednesday.....

To say the least, stock market may be more challenged than usual this week....

Dow RSI @ 76.63 is in deep overbought territory, may warrant a quick pullback also...

S&P 500 RSI @ 67.62 is also in overbought territory.....

Nasdaq, SOX & RUT are in neutral zone as far as RSI is concerned.....

CRM AAL DAL AMD are strong

FB GOOG AAPL AMZN ADBE @ support

POT stocks continues to grab headlines with their high factor.....ACBFF reports this week and may shed light on their business and industry trend.....

TLRY may hit middle age numbers this week

Marking time for stocks with downward bias may not be a bad thing, as S&P 500 and DOW made series of new all time highs.

Stay diversified to take advantage of rotation which is happening in Stock market.

Good luck with your own analysis and comfort level.

BLOG does NOT give buy or sell.

Saleem

Posted in: Mixed