Market Update for September 4, 2018

In today's video:

1) The first trading session of September was dominated by sellers as stocks, bonds, and commodities all closed lower. The Dow Jones Industrial Average dropped 12.34 points, the S&P 500 fell 4.80 points while the Nasdaq 100 closed lower by 18.29 points and the Russell 2000 finished lower by 7.38 points.

2) There was one bright spot in the markets today and that was the U.S. dollar which traded substantially higher resulting in a sharp move lower for Gold. Crude Oil Futures also moved lower as did the Bond market lifting the yield on the 10-year treasury note to 2.896.

3) Amazon (AMZN) is only the second publicly traded company to reach one trillion dollars in market cap and it did so much quicker than Apple compute (AAPL). So what's next? In today's video, we will take a look at potential near and longer-term targets for the stock.

 

 

 

 

 

 

 

 

 

 

 

 

 

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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