Market Update for September 13, 2018

In today's video:

1) U.S. equities posted gains once again today after the Consumer Price Index, a widely followed inflation metric, rose less than expected last month. The Dow Jones Industrial Average gained 147.07 points, the S&P 500 added 15.26 points while the Nasdaq 100 closed higher by 59.48 points and the Russell 2000 finished lower by 1.38 points.

2) Crude oil Futures dropped $1.57 or 2.23% after an industry report showed global supplies at record levels while Gold Futures gave back most of yesterday's gains closing lower by $4.00. The Bond market traded slightly higher and the yield on the 10-year treasury note moved to 2.974%.

3) Netflix (NFLX) is one stock you should always have on your watch list. It trends well, the chart is super easy to read, it makes big moves, and it provides a steady stream of traditional technical setups. This time around, NFLX is in the process of forming a reverse head-and-shoulders pattern that has the potential to propel the stock to new all-time highs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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