Market Update for March 18, 2019
In Today's Update:
1) Boeing (BA) and Facebook (FB) remained under pressure while Apple (AAPL) and Amazon (AMZN) led the way higher helping U.S. Equity markets post gains on Monday. The Dow Jones Industrial Average gained 65.23 or 0.25%, The S&P 500 added 10.46 or 0.37% while the Nasdaq 100 closed higher by 25.95 or 0.34% and the Russell 2000 finished higher by 10.39 or 0.67%.
2) Crude Oil Futures continued to rise adding $0.45 or 0.77% while Gold Futures managed a small gain on weakness in the U.S. dollar. The Bond market traded slightly lower and the yield on the 10-year treasury note bounced to 2.609%.
3) Tilray Inc. (TLRY) closed the day at $72.24 down from a high of $300.00 late last year but is trading sharply higher after market close after releasing their quarterly earnings report. TLRY announced a wider-than-expected loss but reported a rise in revenue of 204%. Shares of TLRY are currently trading over 3% higher in the after-hours trading session.
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
