In Today's Update:
1) U.S. Equities experienced a dramatic sell-off in early morning trading on concerns that the arrest of Huawei's CFO would be a threat to ongoing trade talks. In afternoon trading, stocks rallied on news that the Federal Reserve may pause rate hikes. The Dow Jones Industrial Average dropped 79.40 or 0.32%, the S&P 500 fell 4.11 or 0.15% while the NASDAQ 100 closed higher by 29.83 or 0.42% and the Russell 2000 finished lower by 3.30 or 0.22%.
2) Crude Oil Futures dropped another $1.22 or 2.31% after OPEC decided to delay their decision on production cut levels and Gold Futures advanced slightly on weakness in the U.S. dollar. The Bond market continued to post gains and the yield on the 10-year note dropped to 2.89%.
3) More often than not, the stocks that lead Equity markets higher also end up leading them lower. So can those same leading stocks give us clues to what is coming next for socks? In today's video, we will review the charts of several big-name stocks leading this market.