US equities came under pressure in the last few hours of trading last night weighted down by a sharp fall in oil prices following reports of an increase in gasoline inventories. Meanwhile US Treasury yields are higher along the curve and the US Dollar is stronger across the board probably reflecting a bit of ease in geopolitical tension as the Pentagon confirms it didn’t send an armada directly to North Korea. US equities struggled for direction at the start of the session amid mixed earnings reports. IBM share fell after sales missed estimates and Morgan Stanley shares climbed more than 2% after the firm reported better profit and revenue figures. Later in the session, however, news that gasoline inventories rose by 1.54 m barrels last week against expectations of a modest decline triggered a selloff in the energy sector dragging the S&P and Dow Jones into negative territory.

To mark my 1300th issue of Tradernoble Daily Commentary I am offering a special 2 year rate of Euro 2750 fro my Platinum Service which includes 1/4 updated emails throughout the trading day. This offer is open to both new and existing members and if anyone is interested can you please contact me on bryan@tradernoble.com for details.

For anyone following my Platinum Service it made 53 points yesterday and is now ahead by 948 points for April, having made 1335 points in March, 1481 in February and 1734 in January. The previous seven months saw gains of 1351, 1971, 1582, 1142, 1782, 1682 and 2550 points respectively. Since I started this new Platinum Service in June 2015 it has averaged a monthly gain of over 1750 points.

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