Market Update for November 25, 2018

In Today's Update:

1) Friday's shortened trading session was dominated by sellers as both equities and oil closed significantly lower. The Dow Jones Industrial Average dropped 178.74 or 0.73%, the S&P 500 fell 17.37 or 0.66% while the Nasdaq 100 closed lower by 33.27 or 0.48% and the Russell 2000 finished higher by 0.40 or 0.03%.

2) Crude Oil Futures plummeted 7% on Friday and have dropped over 30% in the past 7 weeks over concerns of increasing global supplies and slowing economic growth. Gold Futures also fell $4.60 or 0.37% on strength in the U.S. dollar while the Bond market traded higher and the 10-year treasury note closed at 3 040%.

3) Traders and Investors are getting more and more nervous and the sense on the street is that there is a much bigger sell-off coming very soon. The U.S. dollar is getting stronger while Equities, Gold, Crude, and even Bitcoin continue to drop. What this market really needs is a trade deal with China

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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