Market Update for Sep 24, 2019

In today's update:

1) U.S. Equity markets closed in the red Tuesday after the Democratic Party announced plans for an Impeachment Inquiry. The Dow Jones Industrial Average dropped 142.22 or 0.53%, the S&P 500 fell 25.18 or 0.84% while the Nasdaq 100 closed lower by 118.83 or 1.46% and the Russell 2000 finished lower by 24.65 or 1.58%.

2) Crude Oil Futures fell sharply losing $1.53 or 2.61% while Gold Futures gained $8.40 or 0.55% on weakness in the U.S. dollar. The Bond market also advanced and the yield on the 10-Year Treasury note settled at 1.642%.

3) Nike Inc. (NKE) reported quarterly earnings after market close and beat analysts estimates on all metrics. NKE dropped $0.51 or 0.58% during regular Market hours but is currently trading higher by $4.47 or 5.13% 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

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