Friend virus making stocks nervous | Tradinggods.net

[TradingGods.net Logo]     ****Advertisement*****   ID=174048;size=600x250;setID=420789;extraData=507;uid={EMAIL}February 2, 2020;lat={EMAIL};click=1    *****Advertisement*****   Dear Trading God Friend, U.S. stocks plunge as coronavirus worries grow.  The U.S. stock market plunged anew on Friday, as the number of confirmed coronavirus cases swelled over 12,000, raising fears of a worldwide pandemic.     All of Wall Street’s major indices finished lower on Friday. The Dow Jones Industrial Average plunged 2.1%, the S&P 500 Index fell 1.8% and the Nasdaq Composite Index finished 1.6% lower. For the week, the Dow fell 2.5%, the S&P 500 declined 2.1% and the Nasdaq finished 1.8% lower. The CBOE VIX Volatility Index, commonly known as the VIX, spiked 21.6% on Friday to settle at 18.84 on a scale of 1-100 where 20 represents the historic average. For the week, the so-called “fear index” rose 29.4%. The Feb. 2 edition of the VIX Trader webinar is available [here](. U.S. equity markets on Friday posted their worst session since August as the threat of coronavirus reverberated. There have been over 12,000 confirmed cases of the novel illness across more than two-dozen countries. The death toll has eclipsed 250.  In economic data, U.S. durable goods orders jumped 2.4% in December, but orders for nondefense capital goods excluding aircraft fell 0.9%. December new home sales fell 0.4% to a seasonally adjusted 694,000.     On the policy front, the Federal Reserve voted on Wednesday to keep interest rates on hold. The Fed expects rates to remain on hold for the remainder of the year. The Final Word: U.S. stocks have pulled back from record highs, as the threat of coronavirus continues to influence investor sentiment. Against this backdrop, options spreads continue to offer opportunity.  We'll talk soon,  Dan  Dan The Trading God     *****Advertisement*****   ID=174048;size=600x250;setID=420790;extraData=507;uid={EMAIL}February 2, 2020;lat={EMAIL};click=1  *****Advertisement*****  [Ridgeline Media Group LLC BBB Business Review]( Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to TradingGods.net [Disclaimer,]( [Terms of Use,]( [Privacy Policy]( before accessing or using this or any other publication by TradingGods.net or Ridgeline Media Group, LLC. Ridgeline Media Group, LLC does not endorse any products that may be advertised in this email.  If you no longer wish to receive our emails, click the link below: [Unsubscribe](  Ridgeline Media Group LLC 70 SW Century Drive Suite 100-148 Bend, Oregon 97702 United States Media Group, LLC/html