Market Update for March 31, 2019
In Today's Update:
1) U.S. Equities closed significantly higher on Friday and posted their biggest quarterly gains in almost a decade. The Dow Jones Industrial Average gained 211.22 or 0.82%, the S&P 500 added 18.96 or 0.67% while the Nasdaq 100 closed higher by 60.16 or 0.78% and the Russell 2000 finished higher by 4.63 or 0.30%.
2) U.S. Crude Oil Futures closed higher by $0.88 or 1.48% jumping 32% year-to-date while Gold Futures rebounded slightly closing higher by $1.70 or 0.13%. The Bond market moved slightly lower lifting the yield on the 10-year Treasury Note up to 2.406%.
3) Lyft Inc. (LYFT) made its much-anticipated debut on the Nasdaq exchange Friday and opened nearly 22% above its IPO price of $72. LYFT shares faded into the close but we're heavily traded and finished the session higher by $6.29 or 8.74%. In today's video, we will discuss the best way to trade lift shares moving forward.
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
