Market Update for July 8, 2018
In today's video:
1) U.S. equities celebrated the jobs report on Friday and once again ignored the trade war between U.S. and China. The Dow Jones Industrial Average gained 99.74 points, the S&P 500 added 23.21 points while the Nasdaq 100 closed higher by 101.96 points and the Russell 2000 finished higher by 14.57 points.
2) Crude Oil Futures advanced $0.98 or 1.34% on Friday but did post a weekly loss while Gold Futures gave back $2.90 after posting gains a day earlier. The Bond market showed more strength on Friday driving the yield on the 10-year treasury note down to 2.820.
3) Shares of Biogen (BIIB) soared on Friday after successful results from an Alzheimer's drug clinical trial were announced. The stock gained $58.67 or 19.63% on very heavy volume. In today's video, we will analyze BIIB on various time frames and reveal the next key price level to watch.
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
