Market Update for Oct 14, 2019

In today's update:

In today's update:

1) U.S. Equity markets closed slightly lower on Monday on very light volume as traders look forward to the start of another earnings season. The Dow Jones Industrial Average dropped 29.23 or 0.11%, the S&P 500 fell 4.12 or 0.14% while the Nasdaq 100 closed lower by 8.39 or 0.10% and the Russell 2000 finished lower by 6.47 or 0.43%.

2) Crude Oil Futures plunged $1.22 or 2.23% while Gold Futures rebounded to close higher by $8.50 or 0.57%. The U.S. dollar was flat while the Bond market advanced and the yield on the 10-Year Treasury Note settled at 1.732%.

3) Earnings season kicks off tomorrow with some of the bigger names in the Financial and Healthcare sectors. JPMorgan (JPM), Citigroup (C), Goldman Sachs (GS), and Wells Fargo (WFC) report tomorrow along with UnitedHealth Group (UNH) and Johnsonj & Johnson (JNJ) just to name a few. One of the most anticipated earnings reports will be released Wednesday after-market close from Netflix Inc. (NFLX).

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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