Market Update for Sep 11, 2019
In today's update:
1) U.S. Equity markets rallied hard and could be headed to new all-time highs in the days ahead. The Dow Jones Industrial Average gained 227.61 or 0.85%, the S&P 500 added 21.54 or 0.72% while the NASDAQ 100 closed higher by 85.52 or 1.06% and the Russell 2000 finished higher by 32.66 or 2.12%.
2) Crude Oil Futures reversed the gains from the past 3 days after a report that Trump discussed easing sanctions on Iran while Gold Futures finished the day higher despite a huge up day for the U.S. dollar. The bond market closed slightly lower and the yield on the 10-Year Treasury Note settled at 1.746%.
3) After-market close, Oracle (ORCL) released quarterly earnings and unfortunately for investors, the news was not good. ORCL missed revenue estimates and announced that CEO Mark Hurd will be taking a leave of absence for health reasons. Shares of ORCL are trading lower by $1.20 or 2.13% in the after-hours trading session.
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
