Market Update for September 16, 2018

In today's video:

1) Trade war fears continue to linger over the equity markets like a dark cloud resulting in yet another mixed close for stocks on Friday. The Dow Jones Industrial Average gained 8.68 points, the S&P 500 added just 0.80 points while the Nasdaq 100 closed lower by 3.67 points and the Russell 2000 finished higher by 7.40 points.

2) Crude Oil Futures closed slightly higher on Friday gaining $0.39 or 0.57% while Gold Futures dropped sharply losing $9.90 or 0.82% due mostly to strength in the U.S. dollar. The bond market closed lower lifting the yield on the 10-year treasury note to 2.997%.

3) Yields have been rising making debt more expensive for both businesses and individual investors. Mortgage rates just hit a six-week high and are likely to go even higher. In today's video, we will review a specific ETF to watch that will give you a good indication of where rates will be going next.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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