Market Update for Jan 14, 2020

In today's update:

1) U.S. Equity markets finished the day mixed as a new earnings season kicked off led by big Banks. The Dow Jones Industrial Average gained 32.62 or 0.11%, the S&P 500 fell 4.98 or 0.15% while the NASDAQ 100 closed lower by 22.60 or 0.24% and the Russell 2000 finished higher by 6.14 or 0.37%.

2) Crude Oil Futures advanced slightly while Gold Futures closed lower and the U.S. dollar ended flat. The Bond market advanced and the yield on the 10-Year Treasury Note settled at 1.814%.

3) Earnings season kicked off today with two of the largest banks and a major airline all reporting better-than-expected quarterly numbers. JPMorgan Chase & Co. (JPM) beat estimates and closed higher by $1.60 or 1.17% while Citigroup Inc. (C) advanced $1.26 or 1.56% and Delta Airlines Inc. (DAL) finished the day higher by $1.96 or 3.29%.

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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