Market Update for April 2, 2019
In Today's Update:
1) U.S. Equity markets closed mixed on Tuesday as stocks take a breather after yesterday's surge. The Dow Jones Industrial Average dropped 79.29 or 0.30%, the S&P 500 fell 0.05 or 0.00% while the Nasdaq 100 closed higher by 19.78 or 0.25% and the Russell 2000 finished lower by 2.74 or 0.18%.
2) Crude Oil Futures finished flat while Gold Futures edged higher adding $1.30 or 0.10% after the U.S. dollar retreated from its daily High. The Bond market traded slightly higher and the yield on the 10-year Treasury Note settled at 2.472%.
3) Shares of Nordstrom Inc. (JWN) have fallen nearly 50% their high of $83.16 back in March of 2015 and the downtrend seems likely to continue. JWN has a major test of the $42 support level coming up but if it doesn't hold the stock may go much lower.
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
