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In tonight's update, Vince covers: 1) WMT stock tanked after reporting disappointing earnings and took the rest of the market with it. The Dow Jones Industrial Average lost 254.63 points, the S&P 500 gave up 15.96 points while the Nasdaq 100 closed lower by 5.16 points and the Russell 2000 Finish Lower by 13.42 points.
2) Bonds resumed their downtrend today, TLT (20+ Year Treasury Bond ETF) closed lower by $0.52 to close at $118.19. Crude oil Futures managed to gain just $0.09 while Gold Futures dropped significantly and finished the day lower by $23.40. This was mostly due to a strong performance by the U.S. dollar which closed sharply higher compared to a basket of six other currencies.
3) Can the NASDAQ save this market? After today's sell-off, with three out of the four main Equity indexes failing to clear their 20-period simple moving averages, it looks as though the Nasdaq may be our last hope.
To watch video http://bit.ly/TradingWinsFeb202018
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