Market Update for September 25, 2018
In today's video:
1) U.S. equities closed mixed ahead of what could be the Federal Reserve's third rate increase of 2018. The Fed will announce their decision tomorrow afternoon. The Dow Jones Industrial Average dropped 69.84 points, the S&P 500 fell 3.81 points while the Nasdaq 100 closed higher by 14.22 points and the Russell 2000 finished higher by 3.49 points.
2) Crude Oil Futures were flat today despite Trump's repeated call for OPEC to increase output while Gold Futures gained $1.20 on minor weakness in the U.S. dollar. The Bond market was down slightly and the yield on the 10-year treasury note was bumped up to 3.093%. Three stocks are dominating the after-hours trading session after reporting earnings.
3) The three companies are Nike (NKE), KB Homes (KBH) and Cintas (CTAS) and all beat analyst expectations handily. KBH is trading higher by more than 5% while NKE and CTAS are both trading lower by 4%.
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
