Market Update for Dec 18, 2019

In today's update:

1) The 5-day win streak came to an end for the Dow 30 and the S&P 500 while Nasdaq-100 and the Russell 2000 squeaked out gains. The Dow Jones Industrial Average dropped 27.88 or 0.10%, the S&P 500 fell 1.38 or 0.04% while the Nasdaq-100 closed higher by 4.38 or 0.05% and the Russell 2000 finished higher by 4.17 or 0.25%.

2) Crude Oil Futures finished the day flat after a smaller-than-expected U.S. Inventory decline while Gold Futures closed slightly lower on strength in the U.S. dollar. The Bond market traded lower and the yield on the 10-Year Treasury Note settled at 1.926%.

3) Micron Technology Inc. (MU) announced quarterly earnings after the closing bell today and beat estimates for both earnings and revenue. The company attributed the beat to an uptick in demand for memory chips. Shares of MU are currently trading higher by $1.85 or 3.49% in the 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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