U.S. Equity Markets declined to start the week, led by the NASDAQ 100 which closed lower by 2.63% as the S&P fell for the fifth straight session. Markets declined in the morning, before recovering throughout the day. Rising bond yields were a key reason for the early morning decline. But other than that, there were few drivers for the sell-off. Vaccine news was positive. The Pfizer/BioNTech COVID-19 vaccine demonstrated it was roughly 90% effective in preventing laboratory-confirmed infections, according to a study by Israel’s Health Ministry. And an early report out of the U.K. showed a steep drop in infections once the vaccine rollout began. Stimulus was also a positive, as the House of Representatives was said to be prepared to pass the $1.9 trillion support package by the end of the week. Markets lost steam heading into the close on little news. European Markets also closed lower. German Health Minister Jens Spahn said the country must lower the rate of coronavirus infections further before the government can consider easing social-distancing restrictions. British Prime Minister Boris Johnson laid out a plan for reopening the country, with a return to “normal” coming in June. Iranian Foreign Minister Mohammad Javad Zarif said the U.S. will not be able to rejoin the 2015 nuclear accord unless it first lifted sanctions. European Union coronavirus vaccinations rose to 26.5 million through yesterday, with a daily average of 748,000 doses administered over the last week. Elsewhere, Oil gained 4% as Goldman Sachs said the commodity could reach $72 per barrel by the summer, while Gold rose 1.76% on Dollar weakness.

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 49 points yesterday and is still ahead by 2077 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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