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In tonight's update, Vince covers:
1) U.S. equities posted their worst weekly performance in two years on much higher than average volume. The Dow Jones Industrial Average dropped 665.75 points, The S&P 500 fell 59.85 points while the Nasdaq 100 closed lower by 144.92 points and the Russell 2000 finished lower by 32.59 points.
2) The Employment Situation Report was released Friday morning and showed that the U.S. economy added 200,000 new jobs in the month of January compared to the expected number of 180,000. Wages also rose 2.9 percent on an annualized basis. This sparked fear of rising interest rates which caused a spike in the U.S. dollar and a significant drop in the Gold Futures market.
3) The Main question on everyone's mind is: What happens next? Is this the start of a much bigger drop or is this a minor pullback before a continuation of the uptrend? In today's video, we discuss this and take a look at this week's economic news reports.
To watch Video http://bit.ly/TradingWinsFeb042018
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