Market Update for February 21, 2019

In Today's Update:

1) The Nasdaq 100 index snapped its 8-day win streak as U.S. Equities closed mostly lower on Thursday. The Dow Jones Industrial Average dropped 103.81 or 0.40%, the S&P 500 fell 9.82 or 0.35% while the Nasdaq 100 closed lower by 29.36 or 0.39% and the Russell 2000 finished lower by 6.11 or 0.39%.

2) Crude Oil Futures slipped slightly to close lower by $0.31 or 0.54% while Gold Futures fell hard losing $22.50 or 1.67%. The Bond market traded sharply lower and the yield on the 10-year treasury note settled at 2.692%.

3) It was a tough day for Tesla Inc. (TSLA) both in the news and on Wall Street today. The electric vehicle maker's Model 3 will no longer be recommended by Consumer Reports and customers have described nightmarish problems with returns and refunds. Shares of Tesla spiraled lower and closed down $11.33 or 3.74%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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