skip to page content

DOW Shrugs Off Latest Round Of Tariffs

Jeremy Lutz - MarketClub

Loading the player...

Hello traders everywhere. While the overall market is a bit mixed today the DOW continues to shine as it approaches its all-time high. As we stand in early afternoon trading the DOW is up +.75% on the day and only 175 points or so from hitting a new record high above 26,616.71. This move two-day move higher comes on the heels of a weak close last week and weak open on Monday as we waited for the latest round of tariffs against Chinese goods.

Late Monday, President Trump announced that 10% tariffs on $200 billion in imports from China would go into effect next week, escalating the trade war between the world's two largest economies, but the key point was that there would be a slower escalation of the tariffs through the end of the year which will ultimately rise to 25%. China responded on Tuesday by unveiling 10% tariffs on about $60 billion of U.S. goods effective Sept. 24.

The beat goes on.

Key Levels To Watch This Week:

S&P 500 (CME:SP500): 2,864.12
Dow (INDEX:DJI): 25,754.32
NASDAQ (NASDAQ:COMP): 7,873.93
Gold (NYMEX:GC.Z18.E): 1,197.50
Crude Oil (NYMEX:CL.X18.E): 68.29
U.S. Dollar (NYBOT:DX.U18.E): 95.68
Bitcoin (CME:BRTI): 6,117.30

Back to videos

Get Started With Your 30-Day MarketClub Trial Right Now

Get Started

© Copyright MarketClub™ All rights reserved | User Agreement | Do Not Sell My Information

U.S. Government Required Disclaimer—Commodity Futures Trading Commission
Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.

CFTC RULE 4.41—HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or INO.com. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the MarketClub™ methodology or system will generate profits or ensure freedom from losses. The testimonials and examples used herein are exceptional results, which do not apply to the average member, and are not intended to represent or guarantee that anyone will achieve the same or similar results. Each individual's success depends on his or her background, dedication, desire, and motivation.