Monday, February 12, 2018

A Step Towards New Highs - Market Update February 12th, 2018


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$CSCO $SBUX $SNAP $TSLA $ULTA

In tonight's update, Vince covers:

1) Although we can't say the U.S. Equity markets having a green light towards new all-time highs just yet, today's trading session was a step in the right direction. The Dow Jones Industrial Average gained 410.37 points, the S&P 500 added 36.45 points while the Nasdaq 100 closed higher by 107.47 points Russell 2000 finished higher by 13.15 points.  

2) Bonds, Gold Futures, and Crude Oil Futures all posted gains today. The move in Gold was most notable as the three bar pattern on the daily chart is suggesting more upside to come while the U.S. dollar Index traded slightly lower and could flash a sell signal as early as tomorrow.  

3) The fear of rising inflation took the brunt of the blame for the spike in volatility and big market swings over the past two weeks. We could be in for more of the same this week and it could all be sparked by an economic report due out this Wednesday.


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