Market Update for February 19, 2019

In Today's Update:

1) U.S. Equities closed slightly higher on Tuesday after a strong quarterly earnings report from Walmart (WMT) and the prospect of a key deadline in the trade negotiations with China being pushed back while talks continue. The Dow Jones Industrial Average gained 8.07 or 0.03%, the S&P 500 added 4.16 or 0.15% while the Nasdaq 100 closed higher by 14.36 or 0.19% and the Russell 2000 finished higher by 5.22 or 0.33%.

2) Crude Oil Futures posted another gain closing higher by $0.46 or 0.83% while Gold Futures surged to a 10-month high adding $22.20 or 1.68% on weakness in the U.S. dollar and growing concerns over slowing global economic growth. The Bond market traded higher and the yield on the 10-year treasury note settled at 2.638%.

3) It was a very quiet, low-range, low-volume day on Wall Street unless you were trading Gold. The precious metal appears to be back in favor and is once again being looked at as a safe-haven investment. In today's video, we will take a closer look at the daily, weekly, and monthly charts of Gold Futures.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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