Market Update for Feb 3, 2020

In today's update:

1) U.S. Equity markets bounced on Monday after Friday's steep sell-off but closed well off their daily highs. The Dow Jones Industrial Average gained 143.78 or 0.51%, the S&P 500 added 23.40 or 0.73% while the NASDAQ 100 closed higher by 122.47 or 1.34% and the Russell 2000 finished higher by 18.14 or 1.12%.

2) Crude Oil Futures closed sharply lower once again while Gold Futures fell $6.50 or 0.41% on strength in the U.S. dollar. The Bond market finished the day lower and the yield on the 10-Year Treasury Note settled at 1.526%.

3) Alphabet Inc. (GOOGL) reported quarterly earnings after market close that surprised the market. GOOGL beat EPS estimates but missed Revenue estimates. shares of GOOGL are currently trading lower by $76.09 or 5.13% 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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