Market Update for Jan 8, 2020

In today's update:

1) Us Equity markets rallied and closed in positive territory after Trump's comments on Iran eased tensions. The Dow Jones Industrial Average gained 161.41 or 0.56%, the S&P 500 added 15.87 or 0.49% while the Nasdaq 100 closed higher by 60.66 or 0.67% and the Russell 2000 finished higher by 5.29 or 0.32%.

2) Crude Oil Futures were up sharply overnight but finished today's trading session significantly lower while Gold Futures dropped $6.00 or 0.8% as the U.S. dollar continued to rise. The Bond market traded lower and the yield on the 10-Year Treasury Note settled at 1.878%.

3) Shares of Apple Inc. (AAPL) hit another new all-time high today gaining $4.80 or 1.61%. The stock has more than doubled over the past year and looks poised for more gains. App Store sales increased 16% during the holiday season and Airpod sales are expected to come in much better-than-expected.

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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