A solid U.S. jobs report for July pushed the Dow to a six-month low, as investors geared up for an increase in interest rates as soon as September.
The Dow Jones Industrial Average fell for the seventh session in a row—its longest losing streak since August 2011—declining 46.37 points, or 0.3%, to 17373.38. That marks the lowest close for the blue chips since early February. The Dow is now down 2.5% for the year.
For the week, the S&P 500 lost 1.3% while the Nasdaq Composite surrendered 1.7%.
If you feel you are losing your mind with this market you are not alone. This market has pretty much chopped around all year and it truly is a stock pickers market.
Hedge funds are reporting their worst months in years and no one is performing well….forget about outperforming. But we are.
We have five months left o the trading year and it promises to be a doozy.
Considering the bad week, Upsidetrader Premium members continued to outperform by a huge margin as we have done all year.
This 50% off sale will be ending soon and it will never return. Ever.
Not only will you save about $400 off an annual membership but I am throwing in my one hour video series where I discuss my favorite stock market setups. This is a $300 cost, but your for FREE.
Below is a screenshot of how my subscriber have done the last two month. If you like what you see, then you should become a member.
Have a great weekend and good trading.
Joe