A sell-off in the biggest Technology Stocks yesterday afternoon saw the U.S Indices break a four-day winning streak to post their lowest close in over a week in what turned out to be an extremely volatile trading session. The NASDAQ 100 was the biggest percentage loser, closing 2.70% lower with Apple -5% and Microsoft-4% leading the sell-off. U.S Jobless Claims rose yesterday for the first time since March which is the clearest sign yet that the increase in Coronavirus cases is impacting the economic recovery. Initial Claims increased to 1.42 million, an increase of 109,000 from last week. This uptick in Claims comes as Congress tries to agree on a fifth Stimulus Package, making this agreement more likely. Congress has a two-week window to come up with an agreement ahead of the summer recess. Not helping the mood was comments from Dr Mike Ryan (who is head of the Emergencies Programme at the WHO) saying that a usable COVID-19 Vaccine should not be expected until the beginning of 2021. The VIX closed 7.25% higher at 26.08. Elsewhere, U.S Treasuries weakened to 0.58% while the Dollar fell for the fifth consecutive trading session as Crude slumped. The weak Dollar saw both Gold and Silver hit multi-year highs. Overnight the Chinese Equity Markets fell over 3% and this is putting pressure on European Indices on the open with the EuroStoxx opening 1.3% lower.

To mark my 2100th 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 3 points yesterday and is now ahead by 2573 points for July, having made 2580 points in June, 2456 points in May, 4773 points in April, an incredible 9264 points in March, 2223 points in February and 2142 points in January. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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