Market Update for September 24, 2018
In today's video:
1) U.S. equities closed mostly lower today after news that Deputy Attorney General Rod Rosenstein may be on his way out. The Dow Jones Industrial Averages dropped 181.45 points, the S&P 500 fell 10.30 points while the Nasdaq 100 closed higher by 6.29 points and the Russell 2000 finished lower by 7.00 points.
2) Crude Oil Futures moved sharply higher gaining $1.46 or 2.06% after OPEC's decision to not boost output while Gold Futures closed higher by only $2. The Bond market traded slightly lower and the yield on the 10-year treasury note moved up to 3.077%.
3) Once again, Amazon (AMZN) was one of the most actively traded stocks on the Nasdaq Composite Index. AMZN finished higher by $19.35 or 1.01% after swinging more than 70 points from high to low. The specialty retailer bounced off support at $1865.00 and needs to clear Friday's high of $1957.00 if it has any chance of getting back to its all-time high of $2050.50.
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
