Market Update for August 21, 2018
In today's video:
1) The Bull Run continues as the S&P 500 and the Russell 2000 hit new intraday all-time highs and all four major equity indexes post games. The Dow Jones Industrial Average gained 63.60 points, the S&P 500 added 5.91 points while the Nasdaq 100 closed higher by 38.17 points and the Russell 2000 finished higher by 19.35 points.
2) Gold Futures closed higher again today after Donald Trump criticized the Federal Reserve for raising interest rates which put pressure on the U.S. dollar. Crude Oil Futures also posted gains closing higher by $0.89 or 1.34%. The Bond market traded slightly lower and the yield on the 10-year treasury note stands at 2.844.
3) Boeing (BA) shares were on a strong bull run from March of 2016 to February of 2018 but have since been trading in a clearly defined range. In today's video, we will review the daily, weekly, and monthly charts of BA to look for signs of a Breakout.
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
