U.S. Officially Preparing For Second Wave

The below offer is brought to you by our associates at Weiss Ratings Dear Gail, You won't hear it in the mainstream media. But a second wave of economic destruction is crashing upon our shores. This time it's not just your savings and wealth that could take another big hit. The principal and the income you count on is in jeopardy too. Unless you follow this simple crisis income strategy - you'll be left at the mercy of what's fast becoming America's worst nightmare. Because during the first wave of this economic disaster... Nearly 40 million people were left unemployed... Iconic companies filed for bankruptcy one after another... 5.3 million households missed their mortgage payment... And investors saw the biggest dividend cuts in 100 years... and... the lowest yields on their money in history. This new phase of the current financial crisis will be even worse. That's why, on June 21, the Wall Street Journal wrote, "The Trump administration is preparing for a second wave of coronavirus infections." Since then, COVID-19 cases have been surging across the country. As of early July, 12 states have hit record high seven-day averages for daily new cases. And the outbreak has increased in 41 states. New lockdown restrictions are being enforced across the nation. And our economy may come to yet another screeching halt. That's why I urge you to watch this presentation now and learn how to protect your principal and grow your income regardless of what happens next. Don't take this lightly. The situation is dire and getting worse by the minute. Click here to see what you can do... Good luck and God bless! Martin D. Weiss, Founder Weiss Ratings To accept this special invitation, click here.   Indexes Snapshot Symbol Last Change % Dow Jones Industrial Average 27976.84 +289.93 +1.15% NASDAQ Composite 11012.24 +229.42 +2.42% S&P 500 3380.35 +46.66 +1.55% SPDR S&P 500 337.4200 +4.6200 +1.54% iShares Russell 2000 ETF 157.54 +0.66 +0.49% U.S. STOCK INDEXES The Dow closed sharply higher on Wednesday as investors eyed the trajectory of the coronavirus pandemic and stronger-than-expected economic data. Additional support came from strong gains in Apple and Microsoft. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dow extends this month's rally, February's high crossing at 29,568.57 is the next upside target. Closes below the 50-day moving average crossing at 26,431.57 would confirm that a short-term top has been posted. First resistance is the 87% retracement level of the February-March-decline crossing at 28,090.26. Second resistance is February's high crossing at 29,568.57. First support is the July 30h low crossing at 25,992.28. Second support is the July 9th low crossing at 25,523.51. The September NASDAQ 100 closed sharply higher on Wednesday erasing most of the losses of the past three-days. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Closes below the 20-day moving average crossing at 10,867.06 would confirm that a short-term top has been posted while opening the door for additional weakness and a possible test of the 50-day moving average crossing at 10,429.79. If September extends the rally off March's low into uncharted territory, upside targets will be hard to project. First resistance is last-Friday's high crossing at 11,283.25. Second resistance is unknown. First support is the 20-day moving average crossing at 10,867.06. Second support is the 50-day moving average crossing at 10,429.79. The September S&P 500 closed sharply higher on Wednesday challenging February's high crossing at 3387.60. The high-range close sets the stage for a steady to higher opening when Thursday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If September extends the rally off June's low, February's high crossing at 3387.60 is the next upside target. Closes below the 20-day moving average crossing at 3265.51 would confirm that a short-term top has been posted. First resistance is today's high crossing at 3384.77. Second resistance is February's high crossing at 3387.60. First support is the 20-day moving average crossing at 3265.51. Second support is the 50-day moving average crossing at 3173.31. Thank you! Thank you for subscribing to Market Commentary from INO.com. You can modify your email preferences or unsubscribe here. INO.com, Inc. | 228 Park Avenue South, Suite 320 | New York, New York 10003 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. 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