Trump is ALSO focused on domestic ‘leveling of the playing field’

June 25, 5:00 pm EST

Last Thursday we talked about the important Supreme Court ruling, which would subject internet sales to state tax.  As I said, this was another “level the playing field” step for the Trump administration.  And another shot across the bow of the tech giants — the near monopolies that have destroyed industries over past decade, in large part to the regulatory advantages they’ve enjoyed relative to their old-line industry peers.

With that, on Thursday, we looked at this big reversal signal that developed in the tech-heavy Nasdaq — an ominous signal for the tech giants.
Today, we got this …
And this, in Amazon…

Meanwhile, what was UP on the day?  Brick and mortar retail.  Walmart was up 2%.  Target was up 1%.

A lot of attention on the day, from the financial media, was given to trade threats.  But this domestic “level of the playing field” is the real story.

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Technical Reversal Signal Flashing For Nasdaq

June 21, 5:00 pm EST

We talked yesterday about the big influence of oil. And how the swings of the past few years have directly impacted the global economy.

Too low was threatening another global financial crisis. Now, too high is threatening to choke off the strength of the economic recovery.

Both high and low prices have been manipulated by OPEC. And we now await a decision from OPEC nations on whether or not a they will hike production to curb the level of oil prices. For a group that operates for their best interest, it doesn’t seem to be in their best interest. That decision will be announced tomorrow at a press conference.

Given the attention the Trump has given to OPEC and oil prices recently, a negative surprise (i.e. no production hike) may trigger the oil price/stock market inverse correlation trade (oil goes up, stocks go down).

On that note, we have some negative momentum going into tomorrow. Before today’s close, the Nasdaq was up 14% year-to-date. Meanwhile, the S&P 500 is up just around 3%. That’s a lopsided market.

But today we get a big outside day (key reversal signal) in the Nasdaq futures.

And the catalyst for this technical reversal setup was the Supreme Court ruling today that internet sales should be subject to state tax.

We’ve talked about the building scrutiny from the Trump administration facing the tech giants. This is another “level the playing field” step. If Amazon is pricing in the prospects of taking over everything (i.e. monopoly), this is the shot across the bow.

Join our Billionaire’s Portfolio today to get your portfolio in line with the most influential investors in the world, and hear more of my actionable political, economic and market analysis. Click here to learn more.