Market Update for September 18, 2018
In today's video:
1) U.S. Equity markets closed significantly higher today completely ignoring the U.S., China trade issue and rising Bond yields. The Dow Jones Industrial Average gained 184.84 points, the S&P 500 added 15.51 points while the Nasdaq 100 closed higher by 60.32 points and the Russell 2000 finished higher by 7.42 points.
2) U.S Crude Oil Futures gained nearly 1.5% on signs that OPEC will not boost output while Gold Futures fell $2.80 or 0.23% after a bounce in the U.S. dollar. The Bond market dropped sharply today lifting the yield on the 10-year treasury note to its highest level since May.
3) As the potential of an all-out trade war escalates between the US and China, we find out that China's U.S. Treasury holdings fell to a six-month low of $1.17 trillion. Is this China's way of retaliating? If so, everyone should sit up and pay very close attention to this.
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
