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In tonight's update, Vince covers:
1) Despite strong earnings reports and economic data, U.S. equities fell sharply again today and closed back near Monday's lows. The Dow Jones Industrial Average dropped 1032.89 points, the S&P 500 fell 100.66 points while the Nasdaq 100 closed lower by 274.83 points and the Russell 2000 finished lower by 44.18 points.
2) While stocks get ready to test a key level, bonds continue to be under pressure as yields are being watched very closely. The US 1-YR is at 1.897%, US 2-YR is at 2.109% while US 10-YR is at 2.828% and the US 30-YR is at 3.13%. Crude Oil futures dropped another 1% today while Gold futures finished higher by $6.20.
3) The market downturn is impacting how stocks react to their earnings releases. TSLA reported better-than-expected numbers yesterday but dropped 9% today while TWTR reported it's first profit ever and opened higher by almost 30% before closing just 12% higher. After-market close, NVDA and FEYE also beat expectations.
To watch video http://bit.ly/TradingWinsFeb092018
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