{"id":55561,"date":"2021-09-24T17:32:18","date_gmt":"2021-09-24T21:32:18","guid":{"rendered":"https:\/\/www.ino.com\/blog\/?p=55561"},"modified":"2021-09-24T17:32:18","modified_gmt":"2021-09-24T21:32:18","slug":"wild-week-comes-to-a-calm-close","status":"publish","type":"post","link":"https:\/\/wwwtest.ino.com\/blog\/2021\/09\/wild-week-comes-to-a-calm-close\/","title":{"rendered":"Wild Week Comes To A Calm Close"},"content":{"rendered":"<p>Trading started on the wrong foot Monday, extending last week's losses for stocks, but a mid-week bounce and calm day of trading on Friday helped soothe the market. The DOW gain 33.18 points or +0.10%, to 34,798.00. The S&P 500 edged +0.15% higher to 4,455.48, and the NASDAQ shed 0.03% to close at 15,047.70.<\/p>\n<div align=\"center\" style=\"margin-bottom: 20px;margin-top: 10px;\"><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/pgQsDDUgArY\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<p>All three major indexes were able to finish the stress-filled week in the green, with the DOW finishing the week +0.6% higher, while the S&P 500 ended it +0.51% higher and the NASDAQ eked out a small gain of +0.02%.<!--more--><\/p>\n<p>The cryptocurrency markets weren't as lucky as the People's Bank of China said in a <a href= \"https:\/\/www.cnbc.com\/2021\/09\/24\/china-central-bank-vows-harsh-crackdown-on-cryptocurrency-industry.html\">Q&A that all crypto-related activities are illegal<\/a>. Services offering trading, order matching, or derivatives for virtual currencies are strictly prohibited, the PBOC said, while overseas exchanges are also illegal.<\/p>\n<p>Beijing has cracked down sharply on crypto this year. First, the Chinese government moved to stamp out digital currency mining, the energy-intensive operation that validates transactions and produces new coins. That led to a sharp slump in bitcoin's processing power as miners took their equipment offline. <\/p>\n<p>Bitcoin is currently down over -10% for the week, with Ethereuem losing -13% and Litecoin is down -16%. <\/p>\n<h2 style=\"color: #003380; font-size: 20px;\">Key Levels To Watch Next Week:<\/h2>\n<ul>\n<li><strong>S&P 500 <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=SP500&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(CME:SP500)<\/a><\/strong>: 4,535.38<\/li>\n<li><strong>Dow <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=DJI&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(INDEX:DJI)<\/a><\/strong>: 35,373.24<\/li>\n<li><strong>NASDAQ <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=COMP&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(NASDAQ:COMP)<\/a><\/strong>: 15,403.44<\/li>\n<li><strong>U.S. Dollar <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=DX&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(ICE:DX)<\/a><\/strong>: 92.03<\/li>\n<li><strong>Gold <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=GC.Z21&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(NYMEX:GC.Z21)<\/a><\/strong>: 1,769.70<\/li>\n<li><strong>Crude Oil <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=CL.X21&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(NYMEX:CL.X21)<\/a><\/strong>: 71.92<\/li>\n<li><strong>Bitcoin <a href=\"https:\/\/club.ino.com\/trend\/?v=stock&s=BITSTAMPUSD&mktcode=TradersBlogTA\" target=\"_blank\" rel=\"noopener noreferrer\">(BITCOIN:BITSTAMPUSD)<\/a><\/strong>: 52,956.47<\/li>\n<\/ul>\n<p>Every Success,<br \/>\nJeremy Lutz<br \/>\n<a href=\"https:\/\/www.ino.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">INO.com <\/a>and <a href=\"https:\/\/club.ino.com\/members\/?mktcode=blogjl\" target=\"_blank\" rel=\"noopener noreferrer\">MarketClub.com <\/a> <\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Trading started on the wrong foot Monday, extending last week's losses for stocks, but a mid-week bounce and calm day of trading on Friday helped soothe the market. The DOW gain 33.18 points or +0.10%, to 34,798.00. The S&#038;P 500 edged +0.15% higher to 4,455.48, and the NASDAQ shed 0.03% to close at 15,047.70. All [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":41,"featured_media":55563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[14379,6249,6320,6319],"class_list":["post-55561","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-videos","tag-bitcoin-bitstampusd","tag-dow-indexdji","tag-nasdaq-nasdaqcomp","tag-sp-500-cmesp500"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v23.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Wild Week Comes To A Calm Close - INO.com Trader&#039;s Blog<\/title>\n<meta name=\"description\" content=\"Trading started on the wrong foot Monday but a mid-week bounce and calm day of trading on Friday helped soothe the market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ino.com\/blog\/2021\/09\/wild-week-comes-to-a-calm-close\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wild Week Comes To A Calm Close - 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