Market Update for Jan 6, 2020
In today's update:
1) U.S. Equity markets gap lower at the open but reverse course to finish the day in positive territory. The Dow Jones Industrial Average gained 68.50 or 0.24%, the S&P 500 added 11.43 or 0.35% while the NASDAQ 100 closed higher by 50.69 or 0.56% and the Russell 2000 finished higher by 2.39 or 0.14%.
2) Crude Oil Futures gave back earlier gains and finished the day slightly lower while Gold Futures continued to advanced gaining another $15.30 or 0.99%. The Bond market pulled back and the yield on the 10-Year Treasury note settled at 1.81%.
3) There are many reasons for Traders and Investors to be concerned. There is the ongoing U.S. - China trade war, the escalating tensions in the Middle East and the new trend of slowing global economic growth, but despite all of these concerns, Traders and Investors continue to buy.
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
