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1 Article
Source: Common Domain

The weight of evidence shows U.S. stocks are in a ‘corrective’ rally

Monday 20:00 GMT

Avi Gilburt is a widely followed Elliott Wave technical analyst and founder of ElliottWaveTrader.net, a live trading room featuring his intraday market analysis (including emini S&P 500, metals, oil, USD & VXX), interactive member-analyst forum, and detailed library of Elliott Wave education.

For now, based on the structure of the rally, the underlying stocks in the market, Bayesian probabilities, the MarketMood Indicator, other sentiment readings we track and the structure of the various world markets that we track at Elliottwavetrader.net, the weight of evidence still points to the completion of a b-wave rally, and then dropping down to the 2,200 region in the coming months.

1 Article
Source: ABC News

President Trump rules out trying to expand Supreme Court as Democrats rally behind the proposal

Wednesday 17:16 GMT

Once considered a proposal popular only among the political fringes, Trump's back-to-back appointments of Supreme Court justices Neil Gorsuch and Brett Kavanaugh revived 'court packing' as a mainstream issue in response to Democrats' fears that conservatives could gain a majority on the court for decades to come.

Democrats have argued that the measure would be a tit-for-tat response to moves already taken by President Trump and Senate Majority Leader Mitch McConnell to get high numbers of conservative judges nominated and confirmed to courts across the country, as well as McConnell's success in preventing former President Obama's nominee for the Supreme Court Merrick Garland from ever receiving a vote.

1 Article
Source: Common Domain

Cannabis stocks rally ahead of Tilray earnings

Tuesday 14:30 GMT

Cannabis stocks were higher Monday, as investors reacted to the latest tie-ups in the sector and awaited the release of quarterly earnings from Tilray Inc. after the close.

For more on Tilray earnings, see: Tilray earnings: Time to prove it can actually sell some pot. Massachusetts-based, multistate cannabis operator Curaleaf Holdings Inc.’s shares CURLF, +7.98%  surged more than 7%, after the company said it’s acquiring Nevada-based Acres Cannabis for about $70 million in cash and stock.


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