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Friend U.S. Stocks Fall on Dismal Economic Outlook, Volatile Oil Price Tradinggods.net

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tradinggods.net

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dan@tradinggods.net

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Thu, Jul 9, 2020 09:22 PM

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[TradingGods.net Logo]     ****Advertisement*****   Options Trading System With A 94.8% Win-Rate On Last 727 Trades The key to being consistently profitable as a trader is to focus on high-probability trades. And in this powerful eBook by Dave Acquino, titled The Ultimate Income Trading System, you'll see exactly how Dave and so many of his students do just that. They make 4%, 5% or 6% on each trade and they're in the trade for just 11 hours. [CLICK HERE for instant access.](                                             *****Advertisement*****   Dear Trading God Friend,   Stocks declined on Thursday, with energy companies leading the declines. The Dow and broader U.S. stock market traded lower on Thursday, as volatile oil prices and a grim economic outlook weighed on investors' sentiment.  Two of Wall Street's major indices finished in negative territory, with the Dow Jones Industrial Average (DIA) plunging 360.57 points, or 1.4%, to 25,706.71.  The broad S&P 500 Index (SPY) of large-cap stocks declined 0.6% to close at 3,152.16. Eight of 11 primary sectors finished lower, with energy leading the declines. Financials, industrials and utility companies also recorded heavy losses.  On the opposite side of the spectrum, shares of information technology and consumer discretionary companies rallied.  The technology-focused Nasdaq Composite Index (QQQ) bucked the downtrend, rising 0.5% to finish at 10,547.75. That marked a new record high for the index.  A measure of implied volatility known as the CBOE VIX (VXX) briefly traded above 30 on Thursday, as investors remained on edge. The so-called "investor fear index" peaked at 31.48 on a scale of 1-100 where 20 represents the historic average. It would eventually settle up 4.3% at 29.28.  Energy stocks were under pressure on Thursday as oil prices declined. U.S. West Texas Intermediate (WTI) futures fell $1.45, or 3.6%, to $39.45 a barrel. ICE Brent futures fell $1.06, or 2.5%, to $42.23 a barrel.  In economic data, jobless claims rose less than expected last week, while continuing claims continued to decline.  The number of Americans filing for first-time unemployment benefits increased by 1.314 million for the week ended July 4, the Department of Labor said.  The Final Word: The coronavirus pandemic continues to spread rapidly across the United States, with nearly 3.1 million confirmed infections. Wednesday saw the highest number of new cases at just over 60,000.      We'll talk soon,  Dan  Dan The Trading God You Could Make $300 to $1100 Per Contract With This Simple Trade Imagine getting really good at mastering just ONE simple trade. A trade that appears like clockwork between 9:30-10:45am on most trading days. This free step-by-step guide, by options expert, Dave Acquino, shows you how to spot and take these trades so you can walk away with daily profits! [CLICK HERE for instant access.](  ID=174048;size=600x250;setID=420789;extraData=507;uid={EMAIL}July 9, 2020;lat={EMAIL};click=1    *****Advertisement*****    *****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

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