Market Update for Dec 30, 2019

In today's update:

1) U.S. Equity markets give back some gains ahead of the last trading session of the year. The Dow Jones Industrial Average dropped 183.12 or 0.64%, the S&P 500 fell 18.73 or 0.58% while the Nasdaq 100 closed lower by 60.62 or o.67% and the Russell 2000 finished lower by 4.88 or 0.29%.

2) Crude Oil Futures and Gold Futures were little changed on Monday while the U.S. dollar continued its slide. The Bond market traded lower and the yield on the 10-Year Treasury Note settled at 1.892%.

3) Tesla Inc. (TSLA) closed lower today after a bearish analyst predicted the company will miss its deliverables estimate for 2020 and expressed doubt about their potential for profitability. Shares of TSLA dropped $15.68 or 3.64% during regular trading hours and are currently trading lower by $1.17 or 0.28% in today's after-hours trading session.

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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