Market Update for Mar 11, 2020

In today's update:

1) U.S. Equity markets plummet into Bear Market territory as 11-year Bull Run is officially declared over. The Dow Jones Industrial Average dropped 1464.94 or 5.86%, the S&P 500 fell 140.85 or 4.89% while the NASDAQ 100 closed lower by 392.20 or 4.70% and the Russell 2000 finished lower by 86.60 or 6.41%.

2) Crude Oil Futures remained under pressure losing another $1.38 or 4.02% while Gold held steady finishing the day down just $3.00 or 0.2%. The Bond market traded sharply lower on Wednesday and the yield on the 10-Year Treasury Note settled at 0.872%.

3) The World Health Organization actually declared the Coronavirus a pandemic. This will most certainly result in stricter measures being taken around the world having a greater negative impact on economic activity and leading to lower stock prices around the globe.

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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