Market Update for March 20, 2019

In Today's Update:

1) Stocks closed mostly lower on Wednesday after surprising comments from Trump and the Federal Reserve. The Dow Jones Industrial Average dropped 141.71 or 0.55%, the S&P 500 fell 8.34 or 0.29% while the Nasdaq 100 closed higher by 5.02 or 0.07% and the Russell 2000 finished lower by 11.83 or o.76%.

2) Crude Oil Futures spiked closing higher by $1.09 or 1.85% after an unexpected drop in U.S. Crude Stockpiles while Gold Futures gained another $7.10 or 0.54% on added weakness in the U.S. dollar. The Bond market moved sharply higher after the Fed announcement and the yield on the 10-year treasury note dropped to 2.533%.

3) As expected, the Federal Reserve decided to keep the benchmark funds rate unchanged and indicated that there will be no rate hikes coming this year. The Central Bank also said it will complete its balance sheet roll-off program at the end of September and expects to see a drop in GDP growth and inflation along with a rise in unemployment.

















































































































About the author

Vince Vora is the head trader at 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

author avatar

Comments (no login required)


Forgot Password?

  • NOVEMBER 19-20

don’t miss the

Trading Event of the Year

Dominate the Equity, Futures and Options Markets this fall

Site visitor