Market Update for Nov 18, 2019

In today's update:

1) U.S. Equity markets managed to post slight gains and close in record territory after one of the lightest volume days of the year. The Dow Jones Industrial Average gained 31.33 or 0.11%, the S&P 500 added 1.57 or 0.05% while the NASDAQ 100 closed Higher by 9.11 or 0.11% and the Russell 2000 finished lower by 4.11 or 0.26%.

2) Crude Oil Futures fell sharply to close lower by $0.82 or 1.42% on concerns over trade and rising supply levels while Gold Futures advanced $3.10 or 0.21% on weakness in the U.S. dollar. The Bond market closed slightly higher and the yield on the 10-Year Treasury Note settled at 1.816%.

3) After-market close, Apple Inc. (AAPL) announced a press event to be held in New York City on December 2nd of this year. The company said it plans to talk about its favorite apps and games of the year. Shares of AAPL closed higher by $1.34 or 0.50% and are currently trading higher by another $0.41 or 0.15% in the after-hours trading session.

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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