IF YOU COULD WATCH ONE THING, WATCH THE SUPPORT ZONES $QQQ $SQQQ $SPY $IYW $ASHR $SMH $KWEB $FM $INTC $MU $AAPL $GOOG
The stock market has been volatile, causing confusion among investors.
It started last week when President Trump announced the imposition of new duties on $300 billion worth of Chinese goods. China retaliated by lowering its currency below a key level. The Dow Jones Industrial Average DJIA fell almost 1,000 points before paring losses. The U.S. responded by declaring China a currency manipulator. Dow futures slumped another 600 points. Then China attempted to defuse the situation by saying it’s not a currency manipulator. That helped futures. And China said a weakening yuan wasn’t a response to Trump’s new tariff threat. The Dow rose 270 points.… Please click here or the title below to read more.
August 6, 2019