U.S. markets were fragile to start Wednesday’s session after opening slightly higher as ongoing worries and warnings from the CDC concerning the coronavirus dominated headlines. Conflicting reports on the severity and possible outbreak here in the U.S. caused some nervousness with the blue-chips and the small-caps losing some momentum shortly after the open.
The S&P 500 shed 100 points and fell more than 3% for a second day in a row and is now trading between its 50- and 200-day moving average, or what I call “the twilight zone”…
The S&P 500 closed over 3% lower yesterday while volatility spiked an incredible 45%.
Today I’m covering one of the most common questions in trading… “how do you grow your first trading account?”
U.S. markets were down for the 4th-straight session despite a decent open on Tuesday that failed the 50-day moving averages. The technical damage from the previous session was too much to overcome with the major indexes remaining on track to test their 200-day day moving averages.
Things… aren’t looking too good folks. The number of coronavirus cases have surged over the weekend, expanding globally and leaving a bleaker outlook for the economy.
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U.S. markets struggled for the 3rd-straight session following news coronavirus-related deaths have approached 2,500 worldwide with 23 outside of mainland China and nearly 80,000 confirmed cases globally.
The Nasdaq has climbed 12.3% from its Christmas Eve low but remains in a bear market Out of correction? A new year, a new market. The Dow Jones Industrial Average and the S&P 500 appear in position to exit correction territory if a multiday rally on risk assets...
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Roger Scott is a professional trader and a successful entrepreneur with over 20 years of experience in the financial markets.