In Today's Update:
1) U.S. Equities plunged again on Friday and violated a key technical level after Peter Navarro, Donald Trump's Trade Advisor, said it would be very difficult for the U.S. and China to reach a permanent Trade Agreement after the 90-day cease-fire. The Dow Jones Industrial Average dropped 414.23 or 1.81%, the S&P 500 fell 50.80 or 2.06% while the Nasdaq 100 closed lower by 195.41 or 2.99% and the Russell 2000 finished lower by 33.92 or 2.56%.
2) Crude Oil Futures dropped another $0.46 or 1% on Friday and was down 11% for the week while Gold Futures fell $8.80 or 0.69% after a rally in the U.S. dollar. The Bond market was flat and the yield on the 10-year treasury note closed at 2.783%.
3) Normally, the final week of December would be one of the slowest weeks of the year but this year that will be highly unlikely. As the selling accelerates and panic sets-in expect volume and overall volatility to increase. In today's video, we will discuss the main things to focus on this holiday week.