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Friend Tech keeps S&P positive for the year | Tradinggods.net

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tradinggods.net

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john@tradinggods.net

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Sun, Aug 2, 2020 03:36 PM

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[TradingGods.net Logo]     ****Advertisement*****   System Used by Top 1% Investors to Pick Winning Stocks Most of the world's richest investors totally ignore company fundamentals like P/E ratios. Those metrics have NOTHING to do with what makes stocks rise or fall. One indicator is far more accurate -- but less than 1 in 1,000 investors have ever heard of it. [This is how wealth is really made in the stock market today.](                                            *****Advertisement*****   Dear Trading God Friend,   Tech stocks power S&P 500, Nasdaq higher.  U.S. stocks finished mostly higher last week, as better than expected tech earnings propelled the Nasdaq and S&P 500 forward.   All of Wall Street’s major indices finished higher on Friday. The Dow Jones Industrial Average rose 0.4%, the S&P 500 Index climbed 0.8% and the Nasdaq finished 1.5% higher%. For the week, the Dow fell 0.2%, the S&P 500 advanced 1.7% and the Nasdaq climbed 3.7%.   The CBOE VIX Volatility Index, commonly known as the VIX, fell 1.2% on Friday to settle at 24.46 on a scale of 1-100 where 20 represents the historic average. For the week, the so-called “fear index” declined 5.3%.  The August 2 edition of the VIX Trader webinar is available [here](.  Technology stocks continue to propel the market higher after Apple, Amazon and Facebook reported better than expected second-quarter results. Without Big Tech, the S&P 500 Index would be trading lower for the year.  In economic data, U.S. durable goods orders rose 7.3% in June, which was higher than expected. Nondefense capital goods orders excluding aircraft—a key proxy for business spending plans—rose 3.3%. The S&P/Case-Shiller home price indices rallied 3.7% annually in May. Meanwhile, pending home sales jumped 16.6% in June and 6.3% annually.   The Final Word: COVID-19 continues to be a major threat to the U.S. economy with more than 4.6 million confirmed infection. Against this backdrop, options spreads continue to offer opportunity.    We'll talk soon, Trading Gods                             *****Advertisement****  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.](     *****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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