Market Update for March 11, 2019
In Today's Update:
1) Stocks break 5-day losing streak and closed significantly higher led by big Tech names like Apple (AAPL), Google (GOOGL) and Nvidia (NVDA). The Dow Jones Industrial Average gained 200.64 or 0.79%, the S&P 500 added 40.23 or 1.47% while the Nasdaq 100 closed higher by 149.92 or 2.02% and the Russell 2000 finished higher by 26.99 or 1.77%.
2) Crude Oil Futures rallied and closed higher by $0.77 or 1.37% while Gold Futures slipped closing lower by $5.80 or 0.45% despite a drop in the U.S. dollar. The Bond market traded lower and the yield on the 10-year Treasury Note settled at 2.643%.
3) Shares of Boeing (BA) had their worst day in 5 months plunging 5.3% after one of its 737 Max 8 planes crashed this weekend. The stock was lower by as much as 13% earlier in the day but rallied hard to close well-off its lows. So what's next for BA? In today's video, we will review the multiple chart patterns across the the daily, weekly, and monthly charts.
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
