Market Update for November 20, 2018

In Today's Update:

1) Stocks fell sharply again today and turned negative for the year as Retailers and Technology shares led the market lower. The Dow Jones Industrial Average dropped 550.80 or 2.21%, the S&P 500 fell 48.84 or 1.82% while the Nasdaq 100 closed lower by 119.65 or 1.70% and the Russell 2000 finished lower by 27.53 or 1.84%.

2) The sell-off in Crude Oil Futures accelerated today on rising global supplies and concerns of a global economic slowdown while Gold Futures dipped $3.30 or 0.27% after a sharp rally in the U.S. dollar. The Bond market finished the day slightly higher and the yield on the 10-year treasury note settled at 3.065%.

3) The NYSE Bitcoin index hit a high of almost $19,000 less than one year ago and today it closed at $4601.20. So what's next for this cryptocurrency? Will it continue to drop or can it rally and move back to new highs? In Today's video, we will review the weekly and monthly charts for clues.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

author avatar

Comments (no login required)

Login

Forgot Password?

  • NOVEMBER 19-20
  • LAS VEGAS
  • THE FOUR SEASONS HOTEL

don’t miss the

Trading Event of the Year

Dominate the Equity, Futures and Options Markets this fall

Site visitor