Market Update for July 22, 2019
In today's update:
1) A slow start for stocks on what should be a very busy week on Wall Street as more than a quarter of the S&P 500 report earnings. The Dow Jones Industrial Average gained 17.70 or 0.07%, the S&P 500 added 8.42 or 0.28% while the Nasdaq 100 closed higher by 57.65 or 0.71% and the Russell 2000 finished lower by 3.11 or 0.20%.
2) Crude Oil Futures advanced $0.46 or 0.83% on Monday while Gold Futures fell $1.40 or 0.10% after a bounce in the U.S. dollar. The Bond market rose slightly and the yield on the 10-Year Treasury Note settled at 2.046%.
3) Stocks closed mostly higher today on hopes that this week's earnings reports will be mostly positive. The street is anxiously waiting for reports from Big names like Facebook (FB), Amazon (AMZN), Alphabet (GOOGL), McDonald's (MCD), and Boeing (BA), all of which will report quarterly earnings by the end of this week.
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
