Market Update for Nov 19, 2019

In today's update:

1) Weakness in shares of Home Depot (HD) drag down the Dow 30 and S&P 500 while the NASDAQ 100 and Russell 2000 squeak out gains. The Dow Jones Industrial Average dropped 102.20 or 0.36%, the S&P 500 fell 1.85 or 0.06% while the Nasdaq 100 closed higher by 20.72 or 0.24% and the Russell 2000 finished higher by 5.93 or 0.37%.

2) Crude Oil futures plunged another $1.86 or 3.26% after Trump threatened to raise tariffs again while Gold Futures and the U.S. dollar finished the day flat. The Bond market showed some strength Tuesday and the yield on the 10-Year Treasury Note settled at 1.785%.

3) Home Depot reported quarterly earnings before market open this morning and beat analysts' expectations but reported lower-than-expected same-store sales. Shares of Home Depot fell $12.99 or 5.44% during the regular session and are currently trading slightly higher 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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