Market Update for June 11, 2019
In today's update:
1) U.S. Equity markets give up early gains to close lower and flash bearish signals. The Dow Jones Industrial Average dropped 14.17 or 0.05%, the S&P 500 fell 1.01 or 0.04% while the Nasdaq 100 finished lower by 0.60 or 0.01% and the Russell 2000 closed lower by 4.45 or 0.29%.
2) Crude Oil Futures finished the day flat while Gold Futures advanced slightly closing higher by $1.30 or 0.10% on weakness in the U.S. dollar. The Bond market was also flat and the yield on the 10-year Treasury Note settled at 2.142%.
3) In today's video, we will take a closer look at the charts of the four main equity indexes. Now that the equity markets have retraced approximately two-thirds of May's losses, what should we expect for the rest of the year? Will stocks sell-off and test new lows or will they continue to rally and breakout to new highs?
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
