Market Update for July 4, 2018

In today's video:

1) Big Tech led the way lower on Tuesday as a shortened trading session ended in the red for most stocks. The Dow Jones Industrial Average dropped 132.36 points, the S&P 500 fell 13.49 points while the Nasdaq 100 closed lower by 65.01 points and the Russell 2000 finished higher by 5.33 points.

2) Gold Futures managed to gain $4.60 yesterday as the U.S. dollar weakened while Crude Oil Futures closed slightly higher on a drop in U.S. inventories. The Bond market also traded higher on Tuesday pushing the yield on the 10-year treasury note down to 2.831.

3) Shares of Apple Inc. (AAPL) closed significantly lower on Tuesday losing $3.26 or 1.74%. From a technical analysis perspective, AAPL is about to test a major support level. Is this going to be another buying opportunity or is this the start of a much bigger sell-off?

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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