In today's update:
1) Stocks took a turn for the worse on Friday and finished in the red after U.S. - China trade talks broke off. The Dow Jones Industrial Average dropped 98.68 or 0.38%, the S&P 500 fell 16.79 or 0.58% while the Nasdaq 100 closed lower by 81.76 or 1.04% and the Russell 2000 finished lower by 21.48 or 1.38%.
2) Crude Oil Futures finished flat Friday but posted a gain for the week while Gold Futures dropped to close near a two-week low on more strength in the U.S. dollar. The Bond market traded higher and the yield on the 10-year Treasury Note settled at 2.393%.
3) Shares of Tesla Inc. (TSLA) have been dropping all year and took another step lower Friday falling $17.30 or 7.58% after the company announced a hardcore plan to slash costs. TSLA has already fallen below a key support level and is now in Jeopardy of violating an even bigger support level. In today's video, we will review the key levels and downside targets to watch.