Market Update for Sep 10, 2019
In today's update:
1) U.S. Equity markets closed mostly higher on Tuesday after another calm trading session on Wall Street. The Dow Jones Industrial Average gained 73.92 or 0.28%, the S&P 500 added 0.96 or 0.03% while the Nasdaq 100 closed lower by 3.28 or 0.04% and the Russell 2000 finished higher by 18.76 or 1.23%.
2) Crude Oil Futures finished the day flat while Gold Futures gave back another $16.30 or 1.08% on a slight rebound in the U.S. dollar. The Bond market dropped sharply again today and the yield on the 10-Year Treasury Note settled at 1.742%.
3) Apple Inc. (AAPL) unveiled a list of new products including a new iPhone, iwatch, and a new iPad. All of these products were well-received but the one that made the biggest impact was the new Apple TV service for $4.99 per month which immediately resulted in selling for Netflix (NFLX), Disney (DIS), and Roku (ROKU).
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
