In Today's Update:
1) U.S. Equity markets plunged and closed near session Lows yesterday on concerns over a tariffs resolution with China and a yield inversion for the 2 and 5-year treasury notes. The Dow Jones Industrial Average dropped 799.36 or 3.10%, the S&P 500 fell 90.31 or 3.24% while the Nasdaq 100 closed lower by 283.09 or 3.80% and the Russell 2000 finished lower by 68.21 or 4.40%.
2) Crude Oil Futures managed a slight gain but closed well off their highs while Gold Futures added $7.50 or 0.60% and look poised for more gains. The Bond market traded significantly higher Tuesday and the yield on the 10-year treasury note finished the day at 2.912%.
3) Did yesterday's plunge just kill any chance of a year-end rally? While we can't know for sure, what we do know is that yesterday's selling did cause some technical damage on the index charts. In today's video, we will take a deeper look at the charts of the four main Equity Indexes.