Market Update for January 27, 2019

In Today's Update:

1) U.S. equities closed significantly higher Friday recouping most of their losses from earlier in the week after a report that the Federal Reserve will maintain a larger portfolio of Treasury Securities. The Dow Jones Industrial Average gained 183.96 or 0.75%, the S&P 500 added 22.43 or 0.85% while the Nasdaq 100 closed higher by 91.40 or 1.29% and the Russell 2000 finished higher by 18.45 or 1.26%.

2) Crude Oil Futures finished the day higher Friday, boosted by concerns over the crisis in Venezuela while Gold Futures soared by almost 2% on weakness in the U.S. dollar. The Bond market closed lower lifting the yield on the 10-year treasury note up to 2.761%.

3) Harley-Davidson (hog) has been struggling for the past two years and the company's shares have dropped 32% in the past 12 months alone. hog has an ambitious plan to attract 2 million more riders to the brand over the next 10 years but is it time for traders and investors to pile into the stock? In today's video, we will analyze the daily, weekly, and monthly charts of HOG.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

author avatar

Comments (no login required)

Login

Forgot Password?

  • NOVEMBER 19-20
  • LAS VEGAS
  • THE FOUR SEASONS HOTEL

don’t miss the

Trading Event of the Year

Dominate the Equity, Futures and Options Markets this fall

Site visitor