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