Market Update for November 29, 2018

In Today's Update:

1) The Equity markets snapped a 3-day win streak as Traders and Investors brace themselves ahead of the G20 Summit. The Dow Jones Industrial Average dropped 27.59 or 0.11%, the S&P 500 fell 6.03 or 0.22% while the Nasdaq 100 closed lower by 18.51 or 0.25% and the Russell 2000 finished lower by 5.00 or 0.33%.

2) Crude Oil futures bounced on news that Russia has decided to cut production while Gold futures closed flat after a low range, low-volume day. The Bond market managed a slight gain and the yield on the 10-year Treasury Note finished the day at 3.032%.

3) This coming weekend will be very important for the equity markets. The G20 Summit kicks-off tomorrow in Argentina and global markets will be holding their collective breath ahead of the meeting between Donald Trump and China president Xi Jinping. Will they agree on a trade deal or will we see an escalation in the ongoing trade war? Either way, the impact on the equity markets could be significant.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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