The Dow: Today -424; Yesterday -724; for the week -1,140 as Fears of an Escalating Trade War Loom

The Dow dropped 425 points today on the heals of a 720+ point loss yesterday. The catalyst is the fear of Trump versus the entire world (China, Russia, EU, Mexico and Canada) in trade wars. The charts do not look good and we have taken a major loss on the AT&T alert. We issued a new alert today on the QQQ ETF. We can only wait and see what next week brings. This week overall the Dow is down 1,400 points!

CNBC reported after the close that this was the second worse week ever for the markets!