Market Recap - January 18, 2020
Markets Rise to Finish Record Setting Week
Stocks rose slightly Friday as all the major averages hit record levels. Last week kicked off earnings season with the banks delivering overall strong numbers. Markets are closed Monday for Martin Luther King Day.
Closing numbers for major indices:
Dow 30: 29,348.10 +50.46 (+0.17%)
Nasdaq: 9,388.94 +31.81 (+0.34%)
S&P 500: 3,329.62 +12.81 (+0.39%)
Commodity prices:
Oil: 58.81
Gold: 1,557.30
Silver: 18.04
Notes and Bonds:
10 year Note: 1.825%
30 Year Bond: 2.285%
Currencies:
USD Index: 97.64
Closing numbers for major indices:
Dow 30: 29,348.10 +50.46 (+0.17%)
Nasdaq: 9,388.94 +31.81 (+0.34%)
S&P 500: 3,329.62 +12.81 (+0.39%)
Commodity prices:
Oil: 58.81
Gold: 1,557.30
Silver: 18.04
Notes and Bonds:
10 year Note: 1.825%
30 Year Bond: 2.285%
Currencies:
USD Index: 97.64
Don't Miss Larry Pesavento's Subscriber Webinar January 29th!
Larry will be covering how to read supply and demand, and how, in combination with his trademark ABCD patterns, you can control risk and maximize profit in today's Algo dominated markets.
Click here for all the details on this live 90-minute webinar with Larry.
Click here for all the details on this live 90-minute webinar with Larry.
Join Larry as he presents his analysis of where we are in the markets, and what he's looking for in the year ahead in 2020.
Topics covered:
Topics covered:
- Why 3 out of 10 is a passing grade in financial markets.
- The simple math behind all market moves.
- A hidden in plain sight trend change pattern that gives you early entry into the trend.
- How to find and update the key harmonic numbers to trade against in futures, forex, and stocks.
- How to translate 3 go-to patterns into supply and demand and how to use them for entry.
- The continued importance of the Opening Price in 2020.
- How to use Fibonacci numbers to indicate a continuation move.
- How to use the time of day when taking a position and for entry into longer trends.
New Show Begins Tuesday at 8:30 a.m. EST
The Morning Market Kickoff with Tommy O'Brien
Monday through Friday 8:30 - 9 a.m. EST!
Check out the first show this Tuesday January 21st at 8:30 a.m. EST
Monday through Friday 8:30 - 9 a.m. EST!
Check out the first show this Tuesday January 21st at 8:30 a.m. EST
Charts of the Day
ES
VIX
Gold
Crude Oil
30 Year Bond Chart
10 Year Note
Bank Stocks with Earnings this Week
See you Tuesday morning for live programming on TigerTV at 8:30 a.m. EST at TFNN.com!
Catch up on all of Monday's shows by visiting our TFNN YouTube page and don't forget to subscribe!
Thanks,
Tommy O'Brien
TFNN
Catch up on all of Monday's shows by visiting our TFNN YouTube page and don't forget to subscribe!
Thanks,
Tommy O'Brien
TFNN
Don Parker
Thank you Tom. Been listening to you since 1999. Thank you so much for the education.