Market Update for August 5, 2018

In today's video:

1) U.S. equities closed mostly higher on Friday as the Dow managed another triple-digit gain with the help of AAPL and IBM. The Dow Jones Industrial Average gained 136.42 points, the S&P 500 added 13.13 points while the Nasdaq 100 closed higher by 9.33 points and the Russell 2000 finished higher by 8.73 points.

2) The Bond market traded slightly higher on Friday and the yield on the 10-year treasury note finished the day at 2.947 after a solid jobs report. Crude Oil Futures dropped again as trade tensions increase and Gold Futures gained $1.80 or 0.15%. The U.S. dollar closed slightly lower after trading higher earlier in the day.

3) With the employment report out of the way, we can now turn our attention back to the earning season and several economic data reports due out this week including, the Redbook report, The Jolts jobs report, Consumer Credit, Crude Oil Inventories, Jobless Claims, and Consumer Confidence just to name a few.

 

 

 

 

 

 

 

 

 

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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