Market Update for July 15, 2019
In today's update:
1) Stocks managed to close at record highs once again after an extremely quiet, low-range, low-volume day on Wall Street. The Dow Jones Industrial Average gained 27.13 or 0.10%, the S&P 500 added 0.53 or 0.02% while the Nasdaq 100 closed higher by 14.04 or 0.17% and the Russell 2000 finished lower by 8.18 or 0.52%.
2) Crude Oil Futures pulled back on Monday closing the lower by $0.89 or 1.48% while Gold Futures posted a second straight gain adding $3.50 or 0.25%. The Bond market traded higher and the yield on the 10-year Treasury Note settled at 2.092%.
3) Citigroup Inc. (C) kicked off earnings season with mixed results. The bank beat earnings estimates but fell short on revenue and net interest margin. Shares of C dropped sharply at the market open but erased almost all their losses and closed lower by just $0.06 or 0.08%.
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
