Market Update for October 3, 2018
In today's video:
1) U.S. Equities closed modestly higher as investors are starting to get nervous about rising rates. The Dow Jones Industrial Average gained 54.45 points, the S&P 500 added to 2.08 points while the Nasdaq 100 closed higher by 25.54 points and the Russell 2000 finished higher by 15.25 points.
2) The Bond market traded sharply lower today after strong economic data lifting the 10-year treasury note to its highest level since 2011. Crude Oil Futures gained another $0.98 or 1.29% while Gold Futures pulled back $4.40 due to strength in the U.S. Dollar.
3) Rising rates are quickly becoming a point of concern for Equity markets and after today's strong ADP Employment report many traders and investors are taking notice. The 10-year treasury note is used to set the rate on many business and Consumer loans, including mortgages making it The Benchmark to watch.
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
