Market Update for April 30, 2019

In today's update:

1) Shares of Alphabet Inc. (GOOGL) had their worst day in six years but the rest of the U.S. Equity markets held their own. The Dow Jones Industrial Average gained 38.52 or 0.15%, the S&P 500 added 2.80 0.10% while the Nasdaq 100 closed lower by 54.09 or 0.66% and the Russell 2000 finished lower by 7.15 or 0.45%.

2) Crude Oil Futures post gains for the second straight trading session while Gold Futures edged higher as the U.S. dollar continues to retreat back to support. The Bond market traded higher and the yield on the 10-year Treasury Note settled at 2.505%.

3) GOOGL reported disappointing quarterly earnings yesterday and paid a heavy price today dropping $97.24 or 7.50% but today's earnings report from Apple Inc. (AAPL) looks like it could be a boost for Equity markets. AAPL beat on all metrics and is being rewarded in the after-hours trading session. Shares of AAPL are currently trading higher by $11.00 or 5.50%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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