Market Update for January 10, 2019

In Today's Update:

1) Stocks extend win streak to four straight days after the FED meeting minutes confirm patience with future rate hikes. The Dow Jones Industrial Average gained 91.67 or 0.39%, the S&P 500 added 10.55 or 0.41% while the Nasdaq 100 closed higher by 60.08 or 0.87% and the Russell 2000 finished higher by 12.25 or 0.86%.

2) Crude Oil Futures jumped again closing higher by $2.48 or 4.98% on added hopes of a new trade deal between the U.S. and China while the U.S. dollar traded lower sending Gold higher by $8.80 or 0.68%. The Bond market also posted gains and the yield on the 10-year treasury note settled at 2.712%.

3) With Crude Oil on the rise many energy-related companies are getting a lot of attention from traders and investors. Today, it was Chesapeake Energy stock that was flooded with buy orders after the company reported some preliminary data from its fourth quarter of 2018. Shares of CHK closed higher by $0.31 or 12.65%.1) Stocks advanced for a fifth straight day despite disappointing holiday sales from Macy's (M) and lower revenue guidance from American Airlines (AAL). The Dow Jones Industrial Average gained 122.80 or 0.51%, the S&P 500 added 11.68 or 0.45% while the Nasdaq 100 closed higher by 28.99 or 0.42% and the Russell 2000 finished higher by 6.63 or 0.46%. 2) Crude Oil Futures had a very quiet day of trading while Gold Futures dropped closing lower by $4.90 or 0.38% after a bounce in the U.S. dollar. The Bond market traded lower and the yield on the 10-year treasury note finished the day at 2.748%. 3) Shares of Netflix (NFLX) are trading higher by almost 2% in today's after-hours trading session. NFLX received an upgrade to Buy from Hold by an analyst at UBS who also raised his price target on the stock from $400 to $410. Netflix had been falling steadily and recently put in a low of $231.23 on December 26th before rallying and closing today at $324.66.
























































































About the author

Vince Vora is the head trader at 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

author avatar

Comments (no login required)


Forgot Password?

  • NOVEMBER 19-20

don’t miss the

Trading Event of the Year

Dominate the Equity, Futures and Options Markets this fall

Site visitor