Market Update for April 7, 2019

In Today's Update:

1) The Employment Situation report was released on Friday and came in slightly ahead of analyst expectations helping the S&P 500 close higher for the seventh straight session. The Dow Jones Industrial Average gained 40.36 or 0.15%, the S&P 500 added to 13.35 or 0.46% while the Nasdaq 100 closed higher by 46.91 or 0.59% and the Russell 2000 finished higher by 15.06 or 0.96%.

2) U.S. Crude Oil Futures hit a five-month high while Gold Futures managed to gain $1.60 or 0.12% despite more gains for the U.S. dollar. The Bond market closed higher on Friday and the yield on the 10-year Treasury Note settled at 2.495%.

3) So now that the jobs report is behind us, do Equity markets have a clear path to new highs? While a move to new highs is likely, there is another stat that should cause traders to pause. Watch today's video to learn more.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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