Stocks Fall On Amplified Trade Fears

Hello traders everywhere. Stocks fell Friday after President Trump suggested that a meeting with China on trade might be canceled, capping a tumultuous week driven by the trade war and emerging currency fight between the U.S. and China.

"We're not ready to make a deal, but we'll see what happens," President Trump told reporters Friday morning. "We will see whether or not China keeps our meeting in September."

The DOW slid -0.9% in midday trading on Friday losing over 200 pts. The S&P 500 dropped -1.1%, while the tech-heavy NASDAQ was down -1.4%. The indexes had been down to open the day and fell further as the president commented on trade progress.

For a weekly view the S&P 500 is down roughly -.9 for the week unable to erase the losses of the week, in fact, the DOW will lose -1.2% and the NASDAQ will lose -1% making for a tough week.

Gold and Bitcoin had great weeks posting weekly gains of +4% and +8% while crude oils struggle continued losing -1.4% on the week.

Key Levels To Watch Next Week:

Every Success,
Jeremy Lutz
INO.com and MarketClub.com

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