The Day Trading Starter Package
The Day Trading Starter Package

Market Update: Dow surges 580 points thanks to Boeing and record home sales

Email sent: Jun 29, 2020 6:45pm

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Market Update for Monday - June 29th, 2020

Clupzsjbfbr, first things first - here's where the major markets ended today:

arrow up S&P 500 3,053 +44 +1.5%
arrow up Dow Jones 25,596 +580 +2.3%
arrow up Nasdaq 9,874 +117 +1.2%
arrow up Crude Oil 39.73 +1.24 +3.2%
arrow up Gold 1781.4 +1.1 +0.1%
*As of market close

And Here Are Today's Highlights:

  • Today, just minutes after the opening bell the S&P and NASDAQ were in negative territory. And it looked like we were going to have a repeat of Friday’s slide.
  • But then a HUGE housing report at 10am ET jolted the markets, and stocks rallied.
  • The forecast for May’s Pending Home Sales was a modest 18.9%. But the increase was double what was expected! The better than expected housing numbers left traders optimistic about the economy, and stocks rallied throughout the day.
  • There was a final push higher in the last 10 minutes of trading, and the major indices finished the session at highs of the day.
  • Boeing (BA) helped lift the DOW higher today with a whopping 14.4% gain. Traders loved the idea that the new 737 MAX could be successfully re-certified again.
  • Chesapeake (CHK) filed for bankruptcy on Saturday. The bad news for the fracking giant left the stock with a 7.3% loss.
  • Facebook (FB) bounced back after a rough Friday. The company has taken some heat over the company’s approach to posts by President Donald Trump and other controversial content. As a result, major advertisers like Coca Cola, Starbucks, Verizon, and many others have backed out. The stock ended the day higher by 2.1% after being down as much as 4.2%.

.>> Click here to read the full story...

Put Credit Spreads Explained

After my recent Options 101 training, I've had a lot of requests for additional information on different options strategies.

So in my latest session of "Coffee With Markus - LIVE" I discussed the Put Debit Spread or sometimes called a "Bull Put Spread."

Check out the full episode below:

Coffee with Markus - Live

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  3. New Video: Here's How I Trade Stocks and Options
    Watch this 25 min video and discover my personal trading plan: how I find the best stocks and options to trade, when to enter, when to exit and what tools I personally use to make my trading decisions in less than 15 min per day.
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Rockwell Trading Services LLC
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Please keep in mind that trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. If you are following the trading systems or recommendations of any third party educator, please note that Rockwell and such third party educators are separate companies. Rockwell is not responsible for the services and products offered by these third party educators.

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