Market Update for August 22, 2018
In today's video:
1) U.S. Equity markets closed mixed today after the minutes of the July 31st - August 1st Federal Reserve meeting suggests more rate hikes to come. The Dow Jones Industrial Average dropped 88.69 points, the S&P 500 fell 1.18 points While the Nasdaq 100 closed higher by 29.92 points and the Russell 2000 finished higher by 4.50 points.
2) Crude Oil Futures soared and closed higher by $2.04 or 3.1% after an unexpected drop in U.S. Crude stockpiles while Gold Futures gained another $3.20 as pressure on Trump increases. The Bond Market advanced dropping the yield on the 10-year treasury note to 2.819.
3) There has been a lot of media coverage surrounding this historic bull run for U.S. equities but can it really continue for much longer or has the market already given us signals of a potential reversal?
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
