Market Update for Nov 11, 2019
In today's update:
1) The Dow 30 managed to rebound and close higher thanks to Boeing Co. (BA) while all other major U.S. Equity indexes closed lower. The Dow Jones Industrial Average gained 10.25 or 0.04%, the S&P 500 dropped 6.07 or 0.20% while the NASDAQ 100 closed lower by 11.03 or 0.13% and the Russell 2000 finished lower by 4.10 or 0.26%.
2) Crude Oil Futures fell $0.36 or 0.61% while Gold Futures dropped $7.00 or 0.48% despite weakness in the U.S. dollar. The Bond market posted a slight gain and the yield on the 10-Year Treasury Note settled at 1.942%.
3) Shares of BA have been trading in a range since early April, but earlier today, the stock spiked $15.96 or 4.55% after news that the company will resume deliveries of the 737 Max jet next month. In today's video, we will review The daily, weekly, and monthly charts of BA.
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
