Hello traders everywhere. The DOW fell almost 150 pts this morning as tensions and worries over North Korea increased. U.S. stocks fell the most in a month, and the VIX reached its highest level since May as American allies warned North Korea against firing missiles toward Guam. Of course, the safe-haven assets advanced, with gold, the yen, and Treasuries all higher.
The NASDAQ is the big loser this morning, losing 1.38% and issuing a new red weekly Trade Triangle, indicating that a move to the sidelines is in order.
Key levels to watch this week:
S&P 500 (CME:SP500): 2,490.87
Dow (INDEX:DJI): 21,471.14
NASDAQ (NASDAQ:COMP): 6,460.84
Gold (NYMEX:GC.Z17.E): 1,257.10
Crude Oil (NYMEX:CL.U17.E): 48.86
U.S. Dollar (NYBOT:DX.U17.E): 95.12
Every Success,
Jeremy Lutz
INO.com and MarketClub.com
