Market Update for Dec 10, 2019

In today's update:

1) U.S. Equity markets closed mostly lower on Tuesday ahead of the Fed's decision on interest rates tomorrow. The Dow Jones Industrial Average dropped 27.88 or 0.10%, the S&P 500 fell 3.44 or 0.11% while the Nasdaq 100 closed lower by 5.64 or 0.07% and the Russell 2000 finished higher by 2.10 or 0.13%.

2) Crude Oil Futures were flat today closing higher by just $0.06 or 0.10% while Gold Futures added $4.00 or 0.27% on slight weakness in the U.S. dollar. The Bond market traded flat and the yield on the 10-Year Treasury note settled at 1.843%.

3) Analyst Laura Martin from The Needham Group downgraded shares of Netflix Inc. (NFLX) to underperform from neutral saying that Netflix could lose 4 million U.S. subscribers due to competition in 2020. Netflix shares closed lower by $9.38 or 3.10% in today's regular trading session and are currently trading unchanged in today's after-hours trading session.

About the author

Vince Vora is the head trader at 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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