Market Update for February 12, 2019

In Today's Update:

1) Stocks closed significantly higher on Tuesday after lawmakers reached a tentative deal to avoid another government shutdown. The Dow Jones Industrial Average gained 372.65 or 1.49%, the S&P 500 added 34.93 or 1.29% while the Nasdaq 100 closed higher by 106.71 or 1.46% and the Russell 2000 finished higher by 19.25 or 1.27%.

2) Crude Oil Futures advanced $0.68 or 1.30% on news that Saudis are planning deeper oil supply cuts while Gold Futures managed to gain just $2.60 or 0.20% as the U.S. dollar retraced yesterday's gains. The Bond market traded lower and the yield on the 10-year treasury note moved up to 2.681%.

3) There were more earning surprises after-market close with two companies getting most of the attention. Twilio Inc. (TWLO) topped revenue estimates but missed on their earnings number and lowered future guidance. TWLO is currently trading lower by $6.89 or 5.98%. Activision Blizzard Inc. (ATVI) missed estimates and announced their plan to layoff 8% of their workforce. ATVI is actually trading higher by $1.71 or 4.10% in the after-hours trading session.

































































































About the author

Vince Vora is the head trader at 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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