Hello traders everywhere. The stock market is making gains Friday, rebounding from two days of losses, as data showed U.S. job creation was stronger than expected in April. The U.S. added a robust 263,000 new hires in April, while the unemployment rate fell to 3.6%, the lowest since December 1969, according to a Labor Department report Friday. The nonfarm payroll growth far outpaced Wall Street expectations of 190,000 and a 3.8% jobless rate, according to Dow Jones estimates. For the second week in a row, the DOW will end the week relatively unchanged continuing to stuck around the $26,500 level. The S&P 500 and NASDAQ will also finish the week relatively unchanged after posting all-time record high closes earlier in the week. The U.S. Dollar will lose -.47% on the week after two straight weeks of gains. Even with the loss, the dollar is still above our key level to watch at $96.83. Crude oil prices plunged on Thursday to the lowest in a month losing -2.67% after falling over -4% in early trading. This plunge came after U.S. government data showed on Wednesday that inventories hit their highest since September 2017 and production soared to another record level last week. Gold is on the move higher today gaining +.75% trying to erase a weekly loss that now stands at -.50%. Gold is near its lows of the year and should see a short-term bounce higher in the next few days. Bitcoin has finally made a move higher to trade above the $5,700 level, trading at $5,716.09 at the time this piece was published. That's the first time it's traded above this level since Nov. of 2018. The rally to 5.5-month highs has strengthened the bullish case put forward by the cryptocurrency's recent bounce from the crucial 30-day moving average (MA). Could we see prices rise to $6,000 over the next few days? Key Levels To Watch Next Week: S&P 500 (CME:SP500): 2,891.90 Dow (INDEX:DJI): 26,180.36 NASDAQ (NASDAQ:COMP): 7,933.57 U.S. Dollar (ICE:DX): 96.834 Gold (NYMEX_GC.M19): 1,285.50 Crude Oil (NYMEX:CL.M19): 63.68 Bitcoin (BITCOIN:BITSTAMPUSD): 4,948.57
MarketClub/INO, a division of TIFIN Group LLC, is affiliated with Magnifi via common ownership. Affiliates of Magnifi will receive cash compensation for referrals of clients who open accounts with Magnifi. Due to this compensation, a conflict of interest exists since MarketClub/INO has an incentive to recommend Magnifi LLC.
Magnifi LLC does not charge advisory fees or transaction fees for non-managed accounts. Clients who elect to have Magnifi LLC manage all or a portion of their account will be charged an advisory fee. Please see Magnifi’s Form ADV for additional information about fees and charges that may apply. Magnifi LLC receives compensation from product sponsors related to recommendations. Other fees and charges may apply.
Magnifi, normally $14 per month, will be available at no additional cost to MarketClub members. Account holders must be 18 years of age and have an approved Magnifi account. Magnifi will determine qualifying account holders at its own discretion.
U.S. Government Required Disclaimer—Commodity Futures Trading Commission
Futures and Options trading has large potential rewards, but also large
potential risk. You must be aware of the risks and be willing to accept
them in order to invest in the futures and options markets. Don't trade
with money you can't afford to lose. This is neither a solicitation nor
an offer to Buy/Sell futures or options. No representation is being
made that any account will or is likely to achieve profits or losses
similar to those discussed on this web site. The past performance of
any trading system or methodology is not necessarily indicative of
future results.
CFTC RULE 4.41—HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.
All trades, patterns, charts, systems, etc., discussed in this advertisement and the product materials are for illustrative purposes only and not to be construed as specific advisory recommendations. All ideas and material presented are entirely those of the author and do not necessarily reflect those of the publisher or INO.com. No system or methodology has ever been developed that can guarantee profits or ensure freedom from losses. No representation or implication is being made that using the MarketClub™ methodology or system will generate profits or ensure freedom from losses. The testimonials and examples used herein are exceptional results, which do not apply to the average member, and are not intended to represent or guarantee that anyone will achieve the same or similar results. Each individual's success depends on his or her background, dedication, desire, and motivation.
You are now leaving a Magnifi Communities’ website and are going to a website that is not operated by Magnifi Communities. This website is operated by Magnifi LLC, an SEC registered investment adviser affiliated with Magnifi Communities.
Magnifi Communities does not endorse this website, its sponsor, or any of the policies, activities, products, or services offered on the site. We are not responsible for the content or availability of linked site.