Market Update for September 23, 2018

In today's video:

1) The Dow 30 posted a strong weekly gain and closed at a new all-time high on Friday but the other three main equity indexes finished the day lower. The Dow Jones Industrial Average gained 86.52 points, the S&P 500 fell 1.08 points while the Nasdaq 100 closed lower by 41.28 points and the Russell 2000 finished lower by 7.87 points.

2) The U.S. dollar recovered slightly on Friday resulting in a drop of $8.00 for Gold Futures while Crude Oil Futures managed to gain $0.39 or 0.55%. The Bond market was flat and the yield on the 10-year treasury note held steady at 3.064%.

3) Every week we get a fresh slew of economic data reports, and although this week may be a little lighter than usual, we are still expecting some very important data that certainly has the potential to move the markets. Some of the reports scheduled for this week are House Price Index, Consumer Confidence, New Home Sales, Crude Oil Inventories and the Federal Reserve Interest Rate decision.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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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