<center>https://mentormarket.io/wp-content/uploads/2019/05/dow.jpg</center> <br/><p>This series has been fun, maybe because it’s a party and there is a bit of rum punch left in the bowl.&nbsp; Lets recap a little bit before we discuss today’s post.</p>
<p>Three months ago I wrote,</p>
<p><a href="https://steemit.com/investing/@rollandthomas/partylikeits1964-hdx4qy44gf">Party Like It's 1964</a></p>
<blockquote class="wp-block-quote"><p>The Dow Jones Industrial Average DJIA rose 181 points on Friday, making it the ninth straight weekly gain for the Dow and the first time since 1964 that the DOW rose in the first 8 weeks of a calendar year.This recovery since the Christmas lows is primarily due to Fed Powell succumbing to the Markets demands and putting its interest-rate policy on hold. </p>
</blockquote>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-253-1024x494.png" alt="" class="wp-image-18560" />
<p>Two months ago, I wrote,</p>
<p><a href="https://steemit.com/investing/@rollandthomas/partylikeits1964-part3-whbtsiptgg">Party Like It's 1964 – Part 3</a></p>
<blockquote class="wp-block-quote"><p>Fed Powell left interest rates unchanged this past week, signaling that the US economy isn’t as strong as people thinks but now we are getting a situation where the fundamentals are catching up with the technicals. You want another technical, how about a triple top. A triple top pattern is a type of chart pattern used in technical analysis to predict the reversal of a long-term uptrend.</p>
</blockquote>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-254-1024x505.png" alt="" class="wp-image-18561" />
<p>Yesterday, the Dow tumbled more than 600 points after China responded with tariffs of their own after Trump imposed an additional 200 billion in tariffs on Friday.  The steep drop was due to a run up in price with the assumption that a deal was going to get down, but now possibly, the final catalyst for a slowing world economy.   </p>
<p>Because there isn’t any longer a clear sign of a trade war resolution, the chart suggest it’s possible the daily demand at 24900 will not hold and that price is going to seek the next level of major buyers in the coming several weeks. </p>
<img src="https://mentormarket.io/wp-content/uploads/2019/05/image-255-1024x483.png" alt="" class="wp-image-18562" />
<p>Apple, Boeing and Caterpillar are major components of the DOW and get a significant portion of their revenue from China and/or will be adversely affected by the tariffs, if the trade war continues out into the future. </p>
<p>

This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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<center><em>Published by <a href="https://mentormarket.io/profile/?rollandthomas/">Rolland Thomas</a>
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<center><em> on
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