Stocks finished mostly higher on Tuesday, led by communication services.


U.S. stocks finished mostly higher on Tuesday, with the S&P 500 (SPY) and Nasdaq (QQQ) hitting fresh records on the back of rising communication shares.

Wall Street’s major indices diverged at the close, with the Dow Jones Industrial Average (DIA) falling 59.71 points, or 0.2%, to 28,248.55.

The broad S&P 500 Index of large-cap stocks gained 0.4% to close at 3,443.65, a new all-time high. Gains were mainly concentrated in six of 11 primary sectors, with communication services leading the pack. Health care companies also outperformed the broader market.

On the opposite side of the ledger, shares of energy and utility companies declined sharply.

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Rising communication shares led the Nasdaq Composite Index to higher ground. The tech-heavy average closed up 0.8% at 11,466.47.

A measure of implied volatility known as the CBOE VIX (VXX) continued to trade in a narrow range just above the historic average. The so-called “investor fear index” hovered between 21.53 and 23.43. It would eventually settle down 1.1% at 22.13.

In economic data, new home sales rose much faster than expected in July, offering more evidence of a rebounding real estate market. New home sales climbed 13.9% in July to a seasonally adjusted annual rate of 901,000, the Department of Commerce reported Tuesday.

Separately, the S&P/Case-Shiller home price indices rose 3.5% annually in June.

The Final Word: The United States appears to be turning a corner in its fight against Covid-19. The Center for Disease Control and Prevention reported fewer than 35,000 new cases on Monday. That’s well below the more than 78,000 daily infections seen during the height of the pandemic in July.

Our Financial Markets Daily Update

The S&P 500 made a move above its pre-COVID all-time high on Friday. The move was driven by a round of better than expected economic data that paint a bright picture for the U.S. economy. The data includes flash readings on the Manufacturing and Services sector, readings that both show a marked acceleration in economic activity. In the technical sense, although Friday’s price action was bullish and set a new all-time high it still leaves a lot to be desired. The price action closed at the high of the day but the candle was small and breadth is weak. If there is no follow-through on Monday, the markets could be in for another week of sideways trading, at best. Looking to next week, there are two potential catalysts in the 2nd quarter GDP revision and Friday’s release of the Personal Income and Spending figures. 

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Volatility Index Flatlines as Stocks Extend Rally

CBOE VIX Volatility Index little changed on Monday.
The CBOE VIX (VXX) traded within a narrow range on Monday, as stocks extended their record-breaking rally.

The Chicago Board Options Exchange Volatility Index, commonly known as the VIX, traded between 21.25 and 23.18 on a scale of 1-100 where 20 represents the historic average. It would eventually settle down 0.8% at 22.35.

In stocks, the large-cap S&P 500 Index (SPY) rose 1% on Monday.

iPath S&P 500 VIX Short Term Futures ETN: (NYSEARCA:VXX) Designed to offer exposure to the S&P 500 VIX Short Term Futures Index Total Return. The Index uses CBOE Volatility Index futures by way of a long position in the first and second-month VIX Futures contracts. VXX advanced 0.5%.

ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY declined 0.2%.

ProShares UltraShort Term VIX Futures: (UVXY) UVXY is designed to deliver 1.5X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It tacks the two front months of the futures contract. UVXY advanced 0.5%.

The Final Word: Investors continue to eye the global spread of COVID-19. As of Monday, more than 23.5 million people had been infected with the novel disease, including 5.7 million in the United States.

Trade CFD Bitcoin And Cryptos With Secured Brokers

Some cryptocurrency investors prefer not to trade, but store those coins in a wallet for a long time. I don’t recommend to store a significant amount of coins in the exchanges or software wallets. I recommend keeping cryptos in hardware wallets. When it comes to finding and choosing the best place to trade bitcoin or other cryptocurrencies, it might get complicated. I tried to answer people questions from newbie to pro.

How and from where to buy Bitcoin?

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Bitcoin trading is slowly taking the world of trading by storm.

There is no doubt in the fact that bitcoin trading is slowly taking the world of trading by storm.
Now, within the next few years, it is highly likely that bitcoin will add another dimension to trading by allowing for some of the most profitable and secure bet-the-company options/tokens to potentially be traded on the bitcoin/blockchain. A major step in the right direction, especially since this technology has the potential to integrate existing financial adaption methods such as futures and options. This invention constitutes an entirely new type of asset management, investment strategy, fund management method, and method of providing trading tools which provide highly synergistic security to the holders of these debt reliant assets. That is, if you hold debt used in making this product, the soundness of said debt is no longer an issue, but the security of that debt is. In other words, you can have an investment product that trades on a carbon-based currency that is made of low-friction atoms (“utility coins”) while directly trading this mentioned product directly on the blockchain against other utility coins. And if you destroy or destroy the carbon atoms of the UCoin, it is still “worth” significantly more than the utility coins and withdrawal is one-way only. This becomes incredibly profitable because there is collateral to back your debt and any money made off the transaction “repays” the originator with accrued interest. The blockchain is no different than abstract protocol for fiat currencies, but you can increase capital by having a ZERO percent reserve requirement in carbon-based funds while receiving interest on your debt. If you are unsure whether or not you want to read this, just google “carbon shields for loans” or do short internet searches on the carbon credit project and you will find out what a tremendous amount of capital the world has at its disposal when it comes to the carbon credit project. This means that if the economy grows to the point where global carbon dioxide pollution is minimized, this product will become a cash cow. The system is transferring cash from the proletarians to the privileged owners (i.e. big banks, corporations) and it is all for the better. In this, I will use some example uses to refer back to the carbon coin metaphor, but instead of explaining about this particular product, I want to make the point that the blockchain can replace a carefully sell-off collateralized debt product and increase drug-free wallets along with the ability to earn interest on your carbon credits. This is something that is being quietly going on right now and within the next couple of years, I simply have no doubt that individuals will be paying on their carbon credits with 0% interest. Look at how many companies using RGEPay (Ron Paul Initiative Paypal payment) are using the blockchain to pay their employees… they invented it because they know how passive and uncompetitive their current means of paying employees are. Furthermore, this technology will make it possible for the small people of the world to get rid of the debt they are saddled with. Instead of about $7 million worth of debt that requires inflation adjusting, this new technology generates interest at around about $0.0004 per GBP. So for the world of $300 bill holders, the amount of debt that can be lent towards a carbon credit earning job is about $0.000004.Now I figure that the tech will continue to increase in efficiency and completely replace their wage system, since, in the near future, the need for a wage is completely eliminated by this new technology. Companies will have to pay a minimum rate on carbon credits that is reasonably low to have the ability to issue Billions of units (as a fait accompli) . The optimal number will be determined by both the carbon bubble and the market price of the carbon credits. The security of the system will be heavily impacted by the Security of the trade-in carbon credits. I have concluded that this extension of the carbon credits can be conceived analogous to the internet exchange rate and the new digital marketplace of the internet. It combines the handling of high-value items with the interest-bearing service of loans. This gives a unique plate utility to loans (this is why it is called a currency) and allows you to transfer the completed credit you receive to anyone in the world the instant they deposit it to bitcoin/blockchain. Bitcoin works much the same way as the internet as a payment network for goods and services and carbon credits work the same way as the act of exchanging email from one person to another. Basically, this invention simply makes carbon credits into cash and allows the individual to earn a global return on their credit, without having to meet the high credit card profile expected for a bank. On top of all this, they do not have to sell the carbon credits on stock exchanges in order to get cash so that they can place loans against them.

U.S. Stocks Mostly Higher as Housing Starts Surge

U.S. Stocks Mostly Higher as Housing Starts Surge

Stocks finished mostly higher on Tuesday following another batch of solid housing data.
U.S. stocks traded mostly higher on Tuesday after government data showed another surprise uptick in housing activity.

Wall Street’s major indices diverged by the close, with the Dow Jones Industrial Average (DIA) falling 67.32 points, or 0.2%< to 27,777.59.

The broad S&P 500 Index (SPY) of large-cap stocks rose 0.2% to close at 3,389.79.

Four of 11 primary sectors reported gains, with consumer discretionary companies leading the pack. Communication services and consumer staples also rose sharply. Gains in these sectors helped to offset sharp losses among energy companies.

Meanwhile, the technology-focused Nasdaq Composite Index (QQQ) advanced 0.8% to 11,217.97, a new all-time high.

A measure of implied volatility known as the CBOE VIX (VXX) maintained its range-bound trading structure on Tuesday. The so-called “investor fear index” drifted between 21.18 and 22.55 on a scale of 1-100 where 20 represents the historic average. It would eventually settle up 0.5% at 21.46.

Learn more about Trading CFDs On VIX Index

SELECTION OF BEST UK CFD BROKERS FOR 2021


Finding the best CFD brokers in the United Kingdom is a complex assignment as the competition in the UK online trading market is incredibly intensive. The Pdextrading.com team of experts has been studying and researching the sector CFD brokers since the very earliest online CFD providers have begun to operate in the UK.

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