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September 20, 2018
The market traded sideways for much of the day while closing slightly higher due to outperforming Financials. Crude oil shot higher today following the release of the EIA inventory report as it closed above $71. The US Dollar retested support of 94 on the Dollar Index as it plays with that critical level.
September 19, 2018
The market traded sideways for much of the day while closing slightly higher due to outperforming Financials. Crude oil shot higher today following the release of the EIA inventory report as it closed above $71. The US Dollar retested support of 94 on the Dollar Index as it plays with that critical level.
September 18, 2018
The market rallied back consistently today as it rebounded from yesterday’s selloff. Crude oil rallied early premarket as it retested resistance of $70. The US Dollar retested support of 94 on the Dollar Index before closing slightly higher.
September 17, 2018
The market sold off steadily throughout the day as trade talks between the US and China became heated and collapsed. Crude oil pulled back slightly as it retested resistance of $70. The US Dollar sold off heavily again due to trade fears as it retested support of 94 on the Dollar Index.
September 13, 2018
The market shot higher from the opening bell on news of potential trade talks between the United States and China. Crude oil pulled back from resistance of $70. The US Dollar continued to sink lower as it hit support of 94 on the Dollar Index.
September 12, 2018
The market closed pretty flat today despite some positive news floating around that the US proposed to engage in trade talks with China which would theoretically end its “trade wars” with major partners. Crude oil jumped higher following an EIA inventory report which indicated a decrease in supplies significantly lower than expected. The US Dollar gapped lower overnight and continued to sell off throughout the day as it approaches 94 on the Dollar Index.
September 11, 2018
The market shot higher following the a boom in large-cap tech stocks and a strong correlation to crude oil which surged after some expected complications with Hurricane Florence. The US Dollar closed flat on low volatility.
September 10, 2018
The market had a volatile trading session which saw it close slightly higher to snap a 4-day losing skid. Crude oil sold off sharply in the afternoon after initially trading higher to close mildly lower. The US Dollar sold off following the US bank open to test support of 95 on the Dollar Index.
September 6, 2018
The market sold off heavily after the opening bell as Tech stocks were pummeled, but managed to rally late in the afternoon to pare back some of its losses. Crude oil continued to slide as it pulls back from last week’s resistance put in a $70 despite an EIA inventory report which showed larger than expected decreases in supplies. The US Dollar had a volatile trading day and ultimately closed slightly lower right on support of 95 on the Dollar Index.
September 5, 2018
The market opened the day lower and sold off heavily in the morning before recovering in the afternoon for a modest drawdown. Crude oil slid today on news that tropical storm Gordon weakened which would have otherwise affected the availability of oil supplies. The US Dollar dropped today as it hit intraday support of 95 on the Dollar Index.
