Wall Street Wrap
Markets were up for the week. Stocks rallied as investors embraced signs of progress in the U.S.-China trade negotiations, with Pres. Trump saying a deal is close even as structural issues such as forced technology transfers and enforcement oversight remain unresolved.
Texas crude production shatters record
The NASDAQ, represented by the EFT QQQ, did not form a new high. However, if you're invested, the trend indicates a hold. If you're in cash, I think that this is not the time to buy -- yet. Or if you are invested or are looking for opportunties, remember your risk management rules, and use stops. I added to my stock positions this month, buying Spark Energy (SPKE) and HollyFrontier (HFC). SPKE is up 11.2 percent, while HFC is up 3.6 percent. I'm still 65 percent in cash and money markets.
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