Market Update for July 2, 2018

Today's Update:

1) U.S. equities spent most of the day in the red but a late day rally helps stocks close out the first trading day of the third quarter with gaines. The Dow Jones Industrial Average gained 35.77 points, the S&P 500 added 8.34 points while the Nasdaq 100 closed higher by 57.38 points and the Russell 2000 finished higher by 12.01 points.

2) Commodities kicked-off the third quarter with losses as Crude Oil Futures dipped $0.23 and Gold Futures fell sharply closing down $12.80 or nearly 1% do to more strength in the U.S. dollar. The Bond market also traded lower helping the yield on the 10-year treasury note to edge up to 2.866.

3) Facebook (FB) continues to get bad press with yet another privacy mishap affecting over 800,000 users. Despite the bad press, Facebook stock continues to trend higher and appears to be flashing yet another buy signal. In today's video, we will analyze the daily, weekly, and monthly charts.

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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