Market Update for December 11, 2018
In Today's Update:
1) Traders and investors are still very concerned over the lack of a trade deal with China and today was a perfect example as stocks gave up earlier gains to close mostly lower. The Dow Jones Industrial Average dropped 53.02 or 0.22%, the S&P 500 fell 0.94 or 0.04% while the Nasdaq 100 closed higher by 11.31 or 0.16% and the Russell 2000 finished lower by 2.96 or 0.21%.
2) Crude Oil Futures advanced gaining $0.96 or 1.88% while Gold Futures edged lower dropping $1.00 or 0.08%. The Bond market dropped slightly and the yield on the 10-year treasury note finished the day at 2.879%.
3) Whenever we enter a period of increased volatility for the Equity markets it's usually because of fear or uncertainty. This time around it appears to be both, but regardless, it is a very tricky market to trade. In today's video, we will explore a couple of different options for traders and investors.
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
