Market Update for March 26, 2019
In Today's Update:
1) Shares of Financial and Technology companies led the way as U.S. Equities rebounded and closed significantly higher on Tuesday. The Dow Jones Industrial Average gained 140.90 or 0.55%, the S&P 500 added 20.10 or 0.72% while the Nasdaq 100 closed higher by 53.98 or 0.71% and the Russell 2000 finished higher by 15.30 or 1.01%.
2) Crude Oil Futures rose sharply on OPEC supply cuts and expectations of lower U.S. inventories while Gold Futures slipped closing lower by $7.50 or 0.56% on strength in the U.S. dollar. The Bond market moved slightly lower and the yield on the 10-year Treasury Note settled at 2.421%.
3) Bed Bath & Beyond (BBBY) has fallen nearly 80% since hitting an all-time high back in 2015 but started to climb after putting in a new low of $10.46 last December. Shares of BBBY gapped and closed higher by $3.05 or 21.99% today. So what can we expect moving forward? In today's video, we will take a closer look at the daily, weekly, and monthly charts of BBBY.
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
