North Korea Is on Investors’ Radar

EST

Thursday’s moderate selloff provided a refreshing breeze for bears, but it won’t mean much if they can’t extend the decline for a second straight day. The Dow fell 158 points but would need to fall a further 162 points to damage the bullish look of the hourly chart. The precise number is 21159, and if the Indoos were to hit it by the close, that could spell trouble next week. Regardless, the broad averages have felt heavy lately, seemingly unable to get any lift from the news. Geopolitical events have had very little impact on the bull market, but the increasingly grim situation involving North Korea could be enough worry traders even if nothing quite spooks them.

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Tuesday, August 1, 2017

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