Market Update for May 27, 2019
In today's update:
1) U.S. Equity markets closed higher on Friday but did post a loss for the week as fears linger over the possibility of no trade deal between the U.S. and China. The Dow Jones Industrial Average gained 95.22 or 0.37%, the S&P 500 added 3.82 or 0.14% while the Nasdaq 100 closed higher by 8.72 or 0.11% and the Russell 2000 finished higher by 12.73 or 0.85%.
2) Crude Oil Futures advanced $0.60 or 1.02% while Gold Futures hit a 1-week high adding $0.80 or 0.06%. The Bond market closed modestly higher and the yield on the 10-year Treasury Note settled at 2.326%.
3) Amazon Inc. (AMZN) closed the day higher on Friday after Analysts at Piper jaffray said shares of the online retailing giant will reach $3,000 between mid-2021 and mid-2022. In today's video, we will review The daily, weekly, and monthly charts to confirm how realistic this target may be.
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
