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Trump Tests Positive For COVID-19 & The Market Sells
After a weeklong market bounce, equities turn south with the US President’s health now in question. The S&P 500 dipped back below its 50-day moving average this morning after poking its head above for the past 3 days.
Tech once again leads the markets lower with its high-beta profile. The blue-chip tech index, Nasdaq 100, is riding its 50-day support-level. If the Nasdaq 100 materially drops below this technical support (right under 11,300), this could push the broader market to new H2 lows.
President Trump is only showing mild symptoms, according to those familiar with the matter.
I’m hoping we get a robust pullback for buying opportunities to ripen!
((QQQ - Free Report) ) (SPY - Free Report) )
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for “stay at home” technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>