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.