Market Update for Dec 11, 2019

In today's update:

1) U.S. Equity markets finished the day slightly higher after the Federal Reserve left interest rates unchanged. The Dow Jones Industrial Average gained 29.58 or 0.11%, the S&P 500 added 9.11 or 0.29% while the NASDAQ 100 closed higher by 37.87 or 0.44% and the Russell 2000 finished higher by 0.21 or 0.01%.

2) Crude Oil Futures dropped $0.40 or 0.68% after an unexpected build in U.S. crude inventory while Gold Futures gained $11.60 or 0.79% on weakness in the U.S. dollar. The Bond market rallied and the yield on the 10-Year Treasury Note Settled at 1.794%.

3) It looks as though we may end the year very quietly and kick off the New Year near all-time highs. Earlier today, the Federal Reserve announced they are keeping rates unchanged and are likely to take no action next year due to persistently low inflation.

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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