Wednesday, January 24, 2018

Trading Wins Market Update January 24th, 2018




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In tonight's update, Vince covers:


1) A volatile session resulted in wild swings and a mixed close for U.S. equities. The Dow Jones Industrial Average gained 41.31 points, the S&P 500 fell 1.59 points while the Nasdaq 100 dropped 45.23 points and the Russell 2000 closed lower by 10.22 points.

2) Technology stocks led by AAPL were some of the worst performers today after reports that iPhone sales could be weaker than expected this spring. One of the better performers today was Netflix (NFLX) which gained another 4.39% after advancing almost 10% yesterday.

3) A wedge breakout pattern can be very powerful and consistently profitable to trade . This pattern can be even more powerful when it develops over multiple time-frames like the pattern on the daily and weekly chart of Micron Technology (MU).


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