Market Update for July 2, 2019
In today's update:
1) Stocks finished the trading day mostly higher on Tuesday despite new threats of tariffs from the Trump Administration. The Dow Jones Industrial Average gained 69.25 or 0.26%, the S&P 500 added 8.68 or 0.29% while the Nasdaq 100 closed higher by 17.93 or 0.22% and the Russell 2000 finished lower by 9.13 or 0.58%.
2) Crude Oil Futures plunged nearly 4.7% today on demand worries while Gold Futures spiked $32.20 or 2.32%. The Bond market traded higher and the yield on the 10-year Treasury Note fell below 2% again to close at 1.975%.
3) Shares of Roku Inc. (ROKU) dropped sharply at today's open after RBC Capital Markets lowered its rating for the stock to "perform" from "outperform". ROKU fell as much as 4.4% before rallying hard and actually closing higher by $1.68 or 1.84%.
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
