Market Update for April 15, 2019
In Today's Update:
1) U.S. Equity markets closed slightly lower Monday on light volume after disappointing earnings reports from Goldman Sachs (GS) and Citigroup (C). The Dow Jones Industrial Average dropped 27.53 or 0.10%, the S&P 500 fell 1.83 or 0.06% while the Nasdaq 100 closed lower by 8.15 or o.10% and the Russell 2000 finished lower by 5.63 or 0.36%.
2) Crude Oil Futures slipped $0.36 or 0.56% wild Gold Futures fell $4.30 or 0.33% but did close well off earlier lows. The Bond market bounced slightly today and the yield on the 10-year Treasury Note finished the day at 2.554%.
3) Earnings season has begun and we have already seen a few surprises. Earlier this morning, both Goldman Sachs and Citigroup reported better-than-expected earnings but both missed Revenue targets, while Aphria (APHA) dragged down the whole Cannabis sector after reporting a much larger-than-expected loss.
About the author
Vince Vora is the head trader at TradingWins.com. Over the last three decades, he has been trading and refining his trading systems that are based on technical analysis and price action. Over the last few years, his focus has been on teaching people how to become better traders. His systems range from simple to sophisticated and can be used in any market conditions to trade stocks, options, futures and forex. By: TradingWins Team
