BullzeyeTrader

Vince Vora's Market Update For Dec 26 2017

http://bit.ly/TW12262017

1) Traditionally, the last week of the year is usually very quiet and this year is no different. U.S. equities closed slightly lower on very light volume. The Dow Jones Industrial Average dropped 7.85 points, the S&P 500 was down 2.84 points while the Nasdaq 100 fell 23.71 points and the Russell 2000 closed higher by 1.47 points.

2) It took a while but it finally did it. Crude oil Futures hit $60 today after news of an explosion on a Libyan crude pipeline. This was the best close for crude oil since June of 2015 but is there room for more gains?

3) One of the biggest losers today was AAPL. There was a report from the Taiwan Economic Daily Newspaper saying that AAPL is likely to cut its sales forecast for the iPhone X by 40%. This led to a drop in the stock of $4.44 a share or 2.54%.