Market Update for Feb 19, 2020

In today's update:

1) The S&P 500 and NASDAQ 100 hit record highs Wednesday as U.S. Equity markets continue to climb. The Dow Jones Industrial Average gained 115.84 or 0.40%, the S&P 500 added 15.86 or 0.47% while the NASDAQ 100 closed higher by 84.44 or 0.87% and the Russell 2000 finished higher by 9.05 or 0.54%.

2) Crude Oil Futures spiked and closed higher by $1.24 or 2.38% while Gold Futures advanced $6.00 or 0.4% despite more strength in the U.S. dollar. The Bond market finished the day flat and the yield on the 10-Year Treasury note settled at 1.566%.

3) It's turning out to be another busy after-hours trading session with three more companies reporting better-than-expected quarterly earnings. Zillow Group (Z) is trading higher by $7.33 or 13.46% while the Avis Budget Group (CAR) is higher by $5.29 or 12.35% and IMAX Corp (IMAX) is trading higher by $0.84 or 4.91%.

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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