Swing Trading Today | What is going on with DB Stock?

The share price of the stock of Deutsche Bank symbol DB broke down to new multi year lows. While the main stream financial news media is not yet covering the price action of DB stock the alternative news outlets such as ZeroHedge.com have done so. It was only last week that ECB Chairman Mario Draghi said in a “hawkishly dovish” statement that they would raise interest rates in Summer 2019. Our thoughts here? Don’t hold your breath. In fact it with the mid term elections coming soon and with the markets no heading into a correction it is only a matter of time until Federal Reserve Chairman Powell throws the markets a life preserver by indicating that the Federal Reserve will not increase rates further in 2018. 

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****Symbols Are Reviewed In The Sequence Below*****

$DB

$XLF

$QQQ

$DIA

$SPY

$UUP

$GLD

$TIP

$UEC