1) U.S. Equity markets closed mostly lower on Monday ahead of earnings season kickoff. The Dow Jones Industrial Average dropped 328.60 or 1.39%, the S&P 500 fell 28.19 or 1.01% while the NASDAQ 100 closed higher by 38.85 or 0.48% and the Russell 2000 fell by 35.00 or 2.81%.
2) U.S. Crude Oil Futures closed slightly lower despite OPEC's decision to cut production while Gold Futures finished higher by $11.90 or 0.68% on more weakness in the U.S. dollar. The Bond market traded lower and the yield on the 10-Year Treasury Note settled at 0.756%.
3) A much-anticipated Earnings season kicks off tomorrow with several high-profile companies reporting Tuesday and Wednesday. Traders and investors will be most interested in the forward guidance estimates but most companies will most likely not provide one.
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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