Market Update for December 27, 2018

In Today's Update:

1) Another wild trading session on Wall Street as the Dow stages a massive come back after falling 600 points in early trading. The Dow Jones Industrial Average gained 260.37 or 1.14%, the S&P 500 added 21.13 or 0.86% while the Nasdaq 100 closed higher by 25.14 or 0.38% and the Russell 2000 finished higher by 2.03 or 0.15%.

2) Crude Oil Futures gave back part of yesterday's gains dropping $0.56 or 1.23% while Gold Futures continued to climb closing higher by $4.70 or 0.37%. The Bond market was flat today and the yield on the 10-year treasury note settled at 2.784%.

3) Sears Holding Corp (SHLDQ) has been in business for 125 years but may be down to its last 24 hours. Sears has seen its share price drop from a high of $195.18 in April of 2007 to today's closing price of just $0.17 and if the retailer doesn't get a bid in the next 24 hours they will most likely begin to liquidate leaving more than 68,000 employees out of work.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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