Price action, internal momentum and volume aren’t great, but that doesn’t matter when the president wields his baton
by Nigam Arora
President Trump has successfully turned a segment of stock market investors into puppy dogs. Just witness trading this week.
At the same time, Republicans are beginning to tie Trump’s hands in small ways. Let’s explore these issues with the help of two charts.
Please click here for an annotated chart of ETF, which represents the Dow Jones Industrial Average.
Please click here for an annotated chart of S&P 500 ETF, which represents the benchmark S&P 500 Index. For the sake of transparency, this chart was previously published at a time when stock market futures were running high before the latest drop in the stock market.