Market Update for April 4, 2019

In Today's Update:

1) Stocks closed mostly higher as Traders and Investors wait for news of a potential trade deal with China and the Employment Situation report tomorrow. The Dow Jones Industrial Average gained 166.50 or 0.64%, the S&P 500 added 5.99 or 0.21% while the Nasdaq 100 closed lower by 3.77 or 0.05% and the Russell 2000 finished higher by 6.58 or 0.42%.

2) U.S. Crude Oil Futures finished the day slightly lower while Gold Futures finished higher by $1.10 or 0.08% despite a rebound in the U.S. dollar. The Bond market also traded higher and the yield on the 10-year treasury note was little changed at 2.515%.

3) All eyes will be on the Employment Situation report scheduled to be released tomorrow morning at 8:30 a.m. ET. This report has the potential to really move the markets and should give everyone an indication of the Fed's next move and the possibility of a potential recession.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

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