S&P: Pretty much nine consecutive weekly rallies should sound alarm bells. Chart & Levels from Analyst, Nicole Elliott – Investors Chronicle.

 

S&P SHORT TERM TRADER: Short at 2775; stop a bit above 2820. Target 2600.

S&P POSITION TAKER: Will re-sell depending on today’s close.

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Chinese shares power ahead Spurred by tariff delay

President Trump, in his customary Twitter messaging style, said ’….productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement’. No details of exactly what progress had been made were supplied by the White House. Xinhua news agency responded saying, ‘the emergence of new uncertainty cannot be ruled out, and the long-term nature, complexity, and difficulty of China-U.S. trade frictions must be clearly recognised’.

This weekend Barcelona hosted one of the most important events of the tech industry’s calendar: The Mobile World Congress. King Felipe VI of Spain hosted a dinner last night for the event with Catalan Separatist protesters outside blocking streets, burning photographs of the man, and carrying placards saying ‘stop repression’ and ‘rotten Bourbons’.

Financial Markets and Political Commentary
 

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