Market Update for October 1, 2018

In today's video:

1) A mixed close for U.S. equities after the announcement of a new trade deal between the United States, Mexico, and Canada. The Dow Jones Industrial Average gained 192.90 points, the S&P 500 added 10.61 points while the Nasdaq 100 closed lower by 9.05 points and the Russell 2000 finished lower by 23.55 points.

2) Crude Oil Futures surged to the highest level since November of 2014 gaining $2.31 or 3.14% while Gold Futures dropped $2.90 or 0.24% after a slight gain in the U.S. dollar. The Bond market experienced more selling today resulting in a rise in the yield of the 10-year treasury note to 3.088%.

3) General Electric (GE) was one of the most actively traded stocks on Wall Street today after announcing the replacement of chairman John Flannery with board member H. Lawrence Gulf jr. GE shares traded as high as $13.07 but pulled back in the afternoon trading session and settled at $12.09 per share. In today's video, we will take a closer look at the daily, weekly, and monthly charts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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