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Friend U.S. Stocks Rally on Improving Labor Market | Tradinggods.net

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Thu, Aug 6, 2020 09:20 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,   Stocks rallied on Thursday, with the Nasdaq hitting another record high. The Dow and broader U.S. stock market advanced on Thursday, as investors rallied behind government stimulus hopes and better than expected jobs data.  All of Wall Street's major indices traded higher on Thursday, with the Nasdaq Composite (QQQ) touching a new all-time high. The tech-heavy average rose 1% to settle at 11,108.07.  The broad S&P 500 Index (SPY) of large-cap stocks gained 0.6% to close at 3,349.16.  Meanwhile, the Dow Jones Industrial Average (DIA) rose 185.46 points, or 0.7%, to 27,386.98.  The CBOE Volatility Index (VXX), commonly known as the VIX, fell to more than five-month lows on Thursday. The so-called "investor fear index bottomed at 20.97 on a scale of 1-100 where 20 represents the historic average. It would eventually settle down 1.2% at 22.72.  In economic data, U.S. jobless claims edged lower last week, raising optimism that the labor market recovery was still on track.  The number of Americans filing for first-time unemployment benefits decreased to 1.186 million for the week ended August 1, the Department of Labor reported Thursday. Claims had risen in each of the last two weeks after falling steadily over a four-month period.  Investors will be keeping a close eye on Friday's nonfarm payrolls report, which is expected to show 1.6 million new jobs created in July.  Earlier this week, ADP said only 167,000 private-sector jobs were reported in July, though the June number was revised significantly higher.  The Final Word: Investors are cautiously optimistic that 'peak coronavirus' has passed. The United States once again recorded fewer than 50,000 cases on Wednesday. Daily cases spiked above 70,000 in July.   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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