Why Worsening Covid-19 Data Isn’t Tanking the Market
The big Reality Gap of this past week involved the new coronavirus data and the market’s reaction to it.
As some of the U.S.’s most populated states report record numbers of positive Covid-19 cases, several governors have been forced to revise their re-opening strategies and protocols.
But even with this alarming new data, the market isn’t dropping precipitously as you might expect. In today’s market update video, I’ll explain why that is, and what’s keeping a floor under this market.
I’ll also show you the narrow box that the market has been trading in for much of July, update the important support and resistance zones to watch for a breakout up or down, and talk about what could cause the market to do so.
Click below to watch.
Great trading and God bless you,
D.R. Barton, Jr.
P.S.: In the video, I mentioned the Kanye West news dealing with The Gap, Inc. (GPS). He signed a 10-year deal to sell a fashion line with the mall-centric retailer, and the stock shot up like someone had figured out how to get people to buy stuff in malls again (hint: they haven’t). The rest of the GPS ride through the morning and early afternoon is told in the chart below:
This morning, I gave subscribers of my new research service, Dark Edge Project
, specific trade instructions that will give them the chance to score up to 100% gains
– possibly in just a matter of days – from The Gap’s expected fall back to Earth.
Want to learn how you could take part in trades with the same kind of awesome profit power? Click here to learn all about the Dark Edge Project.