Market Update for December 26, 2018
In Today's Update:
1) Stocks rally hard and the DOW 30 posts its biggest single-day point gain ever. The Dow Jones Industrial Average gained 1086.25 or 4.98%, the S&P 500 added 116.60 or 4.96% while the Nasdaq 100 closed higher by 361.44 or 5.84% and the Russell 2000 finished higher by 62.89 or 4.96%.
2) Crude Oil Futures follow stocks higher surging nearly 10% while Gold Futures closed lower by $2.00 or 0.16% after a modest rise in the U.S. dollar. The Bond market traded lower today and the yield on the 10-year treasury note advanced to 2.807%.
3) Can the Equity markets actually continue to rally and post new highs or is this just a temporary bounce before a continuation lower? I personally think any move to the upside will be short-lived, but in today's video, we will analyze the daily, weekly, and monthly charts of the four main equity indices for answers.
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
