Market Update for May 14, 2019

In today's update:

1) Stocks make back about a third of yesterday's losses on hopes that a trade deal can be reached soon. The Dow Jones Industrial Average gained 207.06 or 0.82%, the S&P 500 added 22.54 or 0.80% while the Nasdaq 100 closed higher by 87.47 or 1.14% and the Russell 2000 finished higher by 20.03 or 1.32%.

2) Crude Oil Futures advanced Tuesday after a drone attack at oil pumping stations in Saudi Arabia while Gold Futures pulled back $3.90 or 0.30% on strength in the U.S. dollar. The Bond market closed slightly lower and the yield on the 10-year Treasury Note settled at 2.417%.

3) While stocks remain under pressure due to uncertainty over trade talks and Bond yields remain low, another market is suddenly in big demand once again. You guessed it, it's Bitcoin! The NYSE Bitcoin index has moved from $3251.00 last December to $7990.00 today.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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