Market Update for December 16, 2018
In Today's Update:
1) Wall Street closed out another turbulent week as stocks closed sharply lower and posted their worst December start in 38 years. The Dow Jones Industrial Average dropped 496.87 or 2.02%, the S&P 500 fell 50.59 or 1.91% while the Nasdaq 100 closed lower by 159.67 or 2.26% and the Russell 2000 finished lower by 21.89 or 1.53%.
2) Crude Oil Futures dropped another $1.35 or 2.57% while Gold Futures also finished lower dropping $5.10 or 0.41% on more strength in the U.S. dollar. The Bond market closed higher on Friday and the yield on the 10-year treasury note fell to 2.894%.
3) As we head into what should be a very important week for Wall Street, it's important for traders to know what to focus on. In today's video, we will discuss the most important items including the Fed's decision on interest rates, key levels to watch, and the Economic Data reports with the biggest potential to impact the markets.
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
