RoboStreet – November 21, 2019
All Things China are Ruling the Rally
There is no denying the pivotal force behind the daily stock market activity is the tone of the trade negotiations between the U.S. and China. The flow of headlines, some of which can be corroborated and some of which quote “a source close to the situation” has the high-frequency algos dominating the intraday price swings that have made it difficult for the rally to build on its recent gains.
Reuters pushed a story Wednesday that the “phase one” deal would be delayed into 2020, implying the December 15 tariffs would go into effect. The story triggered a 250-point sell-off for the Dow that paired about two-thirds of those losses by the close when a Fox reported a spokesperson for the White House maintained that the trade deal was on track to be finalized.
Yesterday, a headline crossed the tape that Chinese Vice Premier Lie is reportedly “cautiously optimistic” about a deal, while the South China Morning Post reported that the Dec. 15 tariffs could be delayed, even if a deal isn’t signed by then. Separately, The Wall Street Journal reported that China extended an invitation last weekend to U.S. negotiators to come to Beijing for more trade talks.
It’s pretty clear that the market is riveted to the finality of a trade deal with China and it’s becoming clearer that the scope of the deal is less important than just simply getting a “phase one lite” deal signed. Assuming this comes to pass, the market will resume its upside bias. If not, then look for the S&P 500 to test support at 2,900 where the 200-day m.a. comes into play.
Though the market has entered a fairly well-defined trading range, RoboInvestor subscribers have enjoyed a steady stream of realized profits being booked this past week, with five Market On Close (MOC) orders being executed last Friday just as the S&P was flashing an extremely overbought signal. We closed out half positions in BlackRock Inc. (BLK), iShares U.S. Home Construction ETF (ITB), iShares Russell 2000 ETF (IWM), Invesco QQQ Trust (QQQ), UnitedHealth Group (UNH), KLA Corp. (KLAC) and Raytheon Corp. (RTN) with profits ranging from 3%-18%.
My Stock Forecast Toolbox and Seasonal Charts are incredibly accurate tools by which to trade off of. Just looking at the Stock Forecast Toolbox data for the U.S. Home Construction ETF (ITB), we sold half of our position, taking full advantage of the surge in the S&P while maintaining half our position so as to capture the next wave of profits when the market is done consolidating. This is smart money management that produces steady returns every week and every month.
Yesterday, we closed out a half position in Target Corp. (TGT) for a 17.91% gain, making it 14 out of the past 15 closed trades having printed profits. I couldn’t generate these returns without my proprietary AI-driven algorithm-based platform of tools that provide a high-powered screening process of what to buy when to buy and when to sell coordinates that have produced an 88.35% Winning Trades Percentage in the RoboInvestor Portfolio.
My AI tools afford investors to make money in all market conditions. When a short-term or protracted market downturn is in the making, we utilize inverse ETFs to capture profits. We also trading all asset classes – bonds, currencies, gold, commodities, volatility, and sectors as components of our broad approach to managing investment capital with a high level of discipline. There is always an opportunity to make money when one knows where to look – and that’s the sheer beauty of custom-tailored AI program that brings to light timely trades from all the various asset classes.
Put RoboInvestor to work for your portfolio today and make an intelligent decision about how you treat your investment capital. My money is right there alongside yours in each and every trade and I’m 100% committed to extending our winning streak for many years to come. Join RoboInvestor and make it your best trade of the week!
And remember we’re not talking about day-trading here. I’m looking for 50-100% gains inside of the next 3 months, so my weekly updates are timely enough for you to act.
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