Thursday, January 25, 2018

Trading Wins Optimism and Momentum - Market Update January 25th, 2018



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In tonight's update, Vince covers:
1) Today was another example of what's become an unstoppable combination in the markets. Once again optimism and momentum helped stocks close mostly higher. The Dow Jones Industrial Average gained 146.67 points, the S&P 500 added 1.71 points while the Nasdaq 100 closed just 3.89 points lower and the Russell 2000 finished higher by 2.06 points.
2) Earnings season picked up steam today as CAT and MMM reported much better than expected earnings before market open while INTC, SBUX and WDC dominated the after-hours trading session.
3) Technicals will usually trump news. In fact, sometimes a news story can help create a technical set up on a stock. TSLA could turn out to be a perfect example of that in the days ahead. In tonight's video, we take a look at the chart.

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