Market Update for March 13, 2019

In Today's Update:

1) Stocks closed mostly higher again today lead by Chip and Tech stocks after positive economic data reports. The Dow Jones Industrial Average gained 148.23 or 0.58%, the S&P 500 added 19.40 or 0.69% while the Nasdaq 100 closed higher by 52.37 or 0.69% and the Russell 2000 finished higher by 6.05 or 0.39%.

2) Crude Oil Futures rebounded strongly on Wednesday on declining Crude stockpiles wild Gold Futures advanced another $11.40 or 0.88% at the official close. The Bond market traded lower and the yield on the 10-year treasury note settled at 2.624%.

3) Shares of ROKU plunged today closing lower my $9.98 or 14.11% after trading near its all-time high just two days ago. The stock dropped after Analysts at Macquarie Research downgraded the stock to neutral over increased competition from larger media companies.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

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