Market Update for October 11, 2018

In Today's Update:

1) It's been a brutal start to the fourth quarter after a second straight day of serious selling on Wall Street and around the globe. The Dow Jones Industrial Average dropped 545.91 or 2.13%, the S&P 500 fell 57.31 or 2.06% while the Nasdaq 100 closed lower by 92.99 or 1.25% and the Russell 2000 finished lower by 30.03 or 1.91%.

2) Crude Oil Futures were sharply lower closing down $2.18 or 2.98% while Gold Futures benefited from all the selling in the equity markets and soared by $34.30 or 2.87%. The Bond market traded substantially higher and the yield on the 10-year treasury note dropped to 3.15%.

3) This certainly looks and feels like the same type of drop we experienced in early February of this year and we will most likely experience a spike in volatility just like we did earlier this year. So how can you use this to your advantage? In today's video, I will explain exactly what you can do to turn this into a profit-making opportunity.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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