Market Update for Jan 28, 2020

In today's update:

1) What a difference a day makes as U.S. Equity markets rebound despite more confirmed cases coronavirus. The Dow Jones Industrial Average gained 187.05 or 0.66%, the S&P 500 added 32.61 or 1.01% while the NASDAQ 100 closed higher by 130.37 or 1.43% and the Russell 2000 finished higher by 14.18 or 0.86%.

2) Crude Oil Futures snapped a five-day losing streak gaining $0.34 or 0.6% while Gold Futures gave back $8.00 or 0.46%. The Bond market showed weakness and the yield on the 10-Year Treasury Note settled at 1.659%.

3) Apple Inc. (AAPL) reported quarterly earnings after market close and beat estimates on just about every metric. AAPL reported EPS of $4.99 vs $4.55 expected and Revenue of $91.8 billion vs $88.50 billion expected. Shares of AAPL are currently trading higher by $4.31 or 1.36% in the 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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