Market Update for November 27, 2018

In Today's Update:

1) Stocks closed mixed today on much lower than average volume ahead of the G20 Summit in Argentina this Friday. The Dow Jones industrial average gained 108.49 or 0.44%, the S&P 500 added 8.75 or 0.33% while the Nasdaq 100 closed higher by 0.85 or 0.01% and the Russell 2000 finished lower by 13.10 or 0.87%.

2) Crude Oil futures were volatile before closing slightly higher while Gold futures remain under pressure as the U.S. dollar strengthens. The Bond market was flat again today and the yield on the 10-year treasury note was little changed.

3) Both Nutanix Inc. (NTNX) and Salesforce.com (CRM) released earnings after-market close and both were trading significantly higher. NTNX beat expectations for earnings and revenue and was trading higher by $3.93 or 9.59% while CRM easily beat analyst expectations and was trading higher by $8.68 or 6.81%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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