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Friend Wall Street Shrugs Off Virus Risk as Volatility Crumbles Tradinggods.net

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tradinggods.net

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dan@tradinggods.net

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Fri, Jul 10, 2020 09:23 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,   Financials lead broad equities rally on Friday; VIX falls. The Dow and broader U.S. stock market rallied on Friday, ending a rocky week on a high note despite elevated virus risks.  All of Wall Street's major indices finished in positive territory, with the Dow Jones Industrial Average (DIA) climbing 368.66 points, or 1.4%, to 26,074.75.  The broad S&P 500 Index (SPY) of large-cap stocks gained 1% to close at 3,184.92. Nine of 11 primary sectors contributed to the rally, with financials stocks rising more than 3%. Energy, communication services and utilities also outperformed the market.  Meanwhile, the technology-focused Nasdaq Composite Index (QQ) reached a new all-time high, climbing 0.7% to 10,617.44.  The CBOE Volatility Index (VXX), commonly known as the VIX, declined sharply on Friday. The so-called "fear index" reached a bottom of 27.26 on a scale of 1-100 where 20 represents the historical average. VIX would eventually settle down 6.4% at 27.39.  In economic data, producer prices declined 0.2% in June, which translated into an annual drop of 0.8%, the Labor Department reported Friday. The core producer price index fell 0.3% on month but was still up 0.1% annually, official data showed.  On the commodities front, oil prices staged a rally on Friday, with U.S. crude futures back above $40 a barrel.  U.S. West Texas Intermediate (WTI) for August settlement rose 91 cents, or 2.3%, to $40.53 a barrel on the New York Mercantile Exchange. Brent crude, the international futures benchmark, climbed 86 cents, or 2%, to $43.21 a barrel.  The Final Word: The coronavirus pandemic continues to set new records in the United States. For the second straight day, the U.S. recorded more than 60,000 cases.      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 10, 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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