Market Update for April 28, 2019
In today's update:
1) Strong finish to the week for U.S. Equity markets as stocks look poised for more gains. The Dow Jones Industrial Average gained 81.25 or 0.31%, the S&P 500 added 13.71 or 0.47% while the Nasdaq 100 closed higher by 27.72 or 0.34% and the Russell 2000 finished higher by 16.20 or 1.03%.
2) Crude Oil Futures tanked on Friday dropping $2.41 or 3.70% after Trump told OPEC to lower fuel costs while Gold Futures advanced $8.70 or 0.68% after a drop in the U.S. dollar. The Bond market traded higher and the yield on the 10-year Treasury Note finished the week 2.499%.
3) While earnings season heats up, the focus this week will be on the employment numbers. The ADP Employment report will be released Wednesday morning while the Employment Situation report is scheduled to be announced Friday before market open.
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
