Market Update for September 9, 2018
In today's video:
1) Trade war fears, a sell-off in technology stocks, and potentially tighter monetary policy result in the worst start to September since 2008. The Dow Jones Industrial Average dropped 79.33 points, the S&P 500 fell 6.37 points while the Nasdaq 100 closed lower by 20.18% and the Russell 2000 finished lower by 1.29 points.
2) Another strong jobs report and a 2.9% growth in wages caused a sell-off in the Bond market resulting in a yield Spike. The yield on the 2-year treasury note is now at 2.939% and the 10-year treasury note is at 2.941. Crude Oil Futures were flat on Friday while Gold Futures dropped $2.50 on strength in the U.S. dollar.
3) This could be a very important week for U.S. equities as tech stocks continue to be under pressure, trade fears linger, and there are several important economic data reports scheduled to be released. In today's video, we will review the most important charts to watch this week.
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
