Market Update for August 19, 2018
In today's video:
1) There was buying across-the-board on Friday as Equities, Commodities, and Bonds all closed higher. The Dow Jones Industrial Average gained 110.59 points, the S&P 500 added 9.44 points While the Nasdaq 100 closed higher by 9.81 points and the Russell 2000 finished higher by 7.19 points.
2) Crude Oil Futures gained $0.46 on Friday but posted its seventh straight weekly loss while Gold Futures close higher by $7.80 after a drop in the U.S. dollar. The Bond market traded slightly higher and the yield on the 10-year treasury note closed at 2.859.
3) If I can only give someone one piece of trading advice, it would be to trade a clean trending chart. There are so many trading losses that could be avoided by following this one simple rule and this week Tesla (TSLA) is once again a perfect example of a loss that could have been avoided.