U.S. Equity Markets continued their choppy week, finishing the day higher after yet another reversal from a quick sell-off, led by the NASDAQ 100 which closed higher by 0.58%. Markets were mixed as investors digested Jobless Claims data. Jobless Claims fell from last week’s revised level to 793,000. While this was the fourth straight week of declines, it came in above the Wall Street estimate. And the four-week moving average continued to decline. This was another incremental positive for the job market’s recovery. Stimulus headlines remained quiet, but House Speaker Nancy Pelosi said that the final stimulus bill should be signed by the end of the month. Earnings season also comes to its unofficial end this afternoon with Disney’s report, but the strong reports for the fourth quarter continue to support the thesis for a market move higher. European Markets also closed higher. European Commission President Ursula von der Leyen discussed plans with the members of European Parliament for acquiring more vaccine doses and upping inoculations. The German government extended coronavirus-related social-distancing restrictions until at least March 7, but said States may decide on when to reopen schools. Pharmaceutical giant AstraZeneca said it has enlisted German drug manufacturer IDT Biologika to ramp up production of its coronavirus vaccine and increase supply to Europe. European Union Coronavirus vaccinations rose to 18.6 million yesterday, with a daily average of 627,000 doses administered over the last week. At this slow rate it will take over two years to vaccine the European Population. Elsewhere, Oil closed 1.24% lower on profit-taking after its recent run to its highest level in more than a year, while Gold also fell after a mixed session.

To mark my 2250th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it made 65 points yesterday and is now ahead by 1162 points for February, having finished January with a gain of 2077 points, 2273 points in December, 2025 points in November, 2779 points in October, 3042 points in September, 2383 points in August, 3128 points in July, 2580 points in June, 2456 points in May, 4773 points in April, and an incredible 9264 points in March. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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