Market Update for April 14, 2019

In Today's Update:

1) Disney (DIS) and JPMorgan (JPM) led the way as U.S. Equity markets closed significantly higher on Friday. The Dow Jones Industrial Average gained 269.25 or 1.03%, the S&P 500 added 19.09 or 0.66% while the Nasdaq 100 closed higher by 36.80 or 0.46% and the Russell 2000 finished higher by 5.66 or 0.36%.

2) U.S. Crude Oil Futures also posted gains closing higher by $0.18 or 0.28% while Gold Futures managed a slight gain after a retreat in the U.S. dollar. The Bond market closed lower for the second straight session and the yield on the 10-year Treasury Note advanced to close at 2.568%.

3) The Walt Disney Company announced plans to launch Disney+, a streaming service that will compete directly with Netflix (NFLX) and will be priced at just $6.99 per month. Shares of Disney gapped and closed significantly higher on the news while shares of Netflix retreated.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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