Profit warning from a German manufacturing Company ,Osram which cited “weak car and phone Demand”(BB) along with comments from Market news quoting a chinese advisor saying ” we will not drop tech Push” have caused stocks to turn Negative.A break below VWAP line in both SPoos and Nassy providing a bit of momentum selling adding insult to injury.Stocks tried to find the positives today Jobless claims good,even though final look at Q4 GDP missed consensus , GDP for 2018 was solid 3%,KC manufacturing 10 vs forecast of Zero , not enough to offset A Negative China comment or Alleviate the Negative sentiment surround Risk.
Choppy Trade in treasuries a bit of Angst over upcoming 7 year auction, Fed speak this morning not dovish enough to maintain the bid.Gold whether month, Quarter end liquidation or Dollar strength or both but Gold -$21 or 1.4% the short term uptrend is being reversed.
President Trump has Asked OPEC to lower price of Oil ,watch RBOB calendar spread today as the uptrend in serious jeopardy and April Expires tomorrow
