Market Update for Nov 12, 2019

In today's update:

1) The Dow Jones Industrial Average closed completely unchanged for the first time since April of 2014 after another uneventful day on Wall Street. The S&P 500 advanced 4.83 or 0.16% while the NASDAQ 100 closed higher by 21.83 or 0.26% and the Russell 2000 finished higher by 0.35 or 0.02%.

2) Crude Oil Futures, Gold Futures, and the U.S. dollar all finished the day little changed. The Bond market edged slightly higher and the yield on the 10-Year Treasury Note settled at 1.924%.

3) A couple of cannabis-related stocks reported quarterly earnings on Tuesday with mixed reactions. Cronos Group Inc. (CRON) reported better-than-expected earnings but forward revenue estimates were modest sending the stock lower by $0.25 or 3.09%. After-market close, Tilray Inc. (TLRY) reported a loss but year-over-year revenue increased five fold and the stock is currently trading flat in the after-hours trading session.

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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