Market Update for Nov 26, 2019

In today's update:

1) U.S. Equity markets continue to trickle higher as we head into the Thanksgiving holiday. The Dow Jones Industrial Average gained 55.21 or 0.20%, the S&P 500 added 6.88 or 0.22% while the NASDAQ 100 closed higher by 15.44 or 0.18% and the Russell 2000 finished higher by 2.33 or 0.14%.

2) Crude Oil Futures advanced $0.34 or 0.59% while Gold Futures added $5.60 or 0.38% on slight weakness in the U.S. dollar. The Bond market finished the day higher and the yield on the 10-Year Treasury Note settled at 1.740%.

3) Two retailers reported quarterly earnings before market open resulting in major moves during today's regular trading session. Best Buy Co Inc. (BBY) beat estimates and closed higher by $7.32 or 9.86% while Dollar Tree Inc. (DLTR) missed forecast estimates and closed lower by $17.13 or 15.24%.

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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