Market Update for Nov 4, 2019

In today's update:

1) U.S. Equity markets closed higher Monday as the Dow 30 join the S&P 500 and the Nasdaq 100 at record levels. The Dow Jones Industrial Average gained 114.75 or 0.42%, the S&P 500 added 11.36 or 0.37% while the NASDAQ 100 closed higher by 46.80 or 0.56% and the Russell 2000 finished higher by 8.07 or 0.51%.

2) Crude Oil Futures finished slightly higher closing up $0.32 or 0.57% while Gold Futures were virtually flat closing higher by just $0.60 or 0.04%. The Bond market traded lower and the yield on the 10-Year Treasury Note settled at 1.779%.

3) Uber Technologies Inc. (UBER) reported earnings after-market close today and beat expectations but reported a $1.16 billion loss for the quarter. CEO Dara Khosrowshahi said he expects the company to be profitable sometime in 2021. Shares of UBER are trading lower by $1.42 or 4.57% 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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