Due to technical difficulties, today's Stock Trading Alert will be very short and text only. We apologize for any inconvenience this might have caused.

The U.S. stock market indexes gained 1.0-1.4% on Monday as they retraced some of last week's move down. Investor sentiment improved following a global stock markets rebound, despite recent trade tariffs plan news release.

Is this move up a new uptrend or just an upward correction? Or some medium-term consolidation following the early February sell-off? The S&P 500 index is back above the level of 2,700 again, but we will probably see more uncertainty in the near future. Therefore, our intraday outlook is neutral today. We prefer to be out of the market again, avoiding low risk/reward ratio trades.

Thank you.

Paul Rejczak
Stock Trading Strategist
Stock Trading Alerts