Market Update for Dec 9, 2019

In today's update:

1) U.S. Equity markets gave back part of Friday's gains and closed lower for the first time in four trading sessions. The Dow Jones Industrial Average dropped 105.46 or 0.38%, the S&P 500 fell 9.95 or 0.32% while the Nasdaq 100 closed lower by 34.70 or 0.40% and the Russell 2000 finished lower by 4.22 or 0.26%.

2) Crude Oil Futures dropped just $0.23 or 0.39% while Gold Futures finished flat and the U.S. dollar closed slightly lower. The Bond market traded slightly higher and the yield on the 10-Year Treasury Note settled at 1.825%.

3) The CBOE Volatility Index (VIX Index) is the first index to measure the Market's expectation of future volatility. The VIX Index is based on options of the S&P 500 Index which is considered the leading indicator of the broad U.S. market and has just signalled a warning. In today's video, we will review the chart of the VIX and explain further.

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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