Market Update for September 12, 2018
In today's video:
1) A mixed close for U.S. equities despite a new round of trade talks between the U.S. and China. The Dow Jones Industrial Average gained 27.86 points, the S&P 500 added 1.03 points while the Nasdaq 100 closed lower by 18.24 points and the Russell 2000 finished lower by 2.71 points.
2) Crude Oil Futures gained another 1.49% after a drop in U.S. Crude stockpiles while Gold Futures spiked gaining $9.50 or 0.79% on a sharp drop in the U.S. dollar. The Bond market edged higher and the yield on the 10-year treasury note finished the day at 2.966.
3) Shares of Costco Wholesale Corporation (COST) have been trending strongly since last fall but may be ready to take a breather before resuming its uptrend. In today's video, we will review our latest trade in COST and explain why now may be a great time to sell some call options and collect additional premium.
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
