Market Update for January 1, 2019
In Today's Update:
1) Wall Street closed Monday's trading session with gains but finished the year with its worst performance in a decade. The Dow Jones Industrial Average gained 265.06 or 1.15%, the S&P 500 added 21.11 or 0.85% while the Nasdaq 100 closed higher by 50.76 or 0.77% and the Russell 2000 finished higher by 10.64 or 0.79%.
2) Crude Oil Futures gained $0.48 or 1.06% on Monday but posted a 25% loss for the year while Gold Futures added $1.70 or 0.13% but ended the year with its first annual decline since 2015. The Bond market advanced and the yield on the 10-year treasury note closed at 2.685%.
3) The 2018 trading year certainly ended on a sour note, but while traders and investors look forward to a fresh start in 2019, the risk for more downside remains high. In today's video, we will discuss the three biggest risks facing the equity markets in the year ahead.
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
