Stock Market Is Discounting Possible Good News From Trade Talk 市场正在提前反应贸易谈判的好消息

Major market indexes rally on news that the two parties reaching a deal to stop government shut down and rally in oil prices as Saudi Arabia cut daily production by 500K barrels more. At 9:23 Pacific Time, Dow +320  , S&P 500 +31 , Nasdaq+93   , and Russell 2000 +15  .

Technically, the S&P 500 has basically reached its 200 day moving average 2743 resistance again. Whether it can break through is crucial for the stock market direction.  If this level is broken to the upside and stay, 2800 would be the next price target. If it fails to break above, a Double Top would be formed and downside correction resumes.

The stock market seems reacting to the good news that government shut down is avoided, but it's really discounting possible good news from US-China trade negotiation which started yesterday in Beijing. The market is so news driven, the stock market can go either way when the news hit. Market up too much is still a worry. Strategy is stay put and wait for news to hit.

共和及民主党双方达成停止政府关闭协议和沙特阿拉伯将日产量减少多50万桶导致油价上升的消息推动主要市场指数上升。 太平洋时间9:23，道琼斯指数 ＋320，标准普尔500指数 ＋31，纳斯达克指数+93和罗素2000指数+15。

从技术面来看，标准普尔500指数再次达到其200日均线2743阻力位。 能否突破对股市走势至关重要。 如果向上突破这个水平并能维持，2800将成为下一个上升目标。 如果它不能突破，将形成双顶和恢复下行修正。

股市看来在回应避免政府关闭的好消息，但它确实是提早反映昨天在北京开始的美中贸易谈判可能带来的好消息。市场是如此受新闻驱动，当新闻出现时，股市可以走向任何一个方向。市场上升过度仍然是个担忧。策略是观望，等待新闻发布。