SPY: On daily moving averages we lose the 200 day MA but things seem well-defined technically despite the high volatility. Weekly chart views herald a possible trading range which only can occur if volatility is reduced. That's hard to imagine.
MDY, IWM: Both these sectors, especially IWM, is where a view of risk tolerances exist. When investors are feeling good about the economy and future earnings prospects we rally. If the opposite view, we underperform.
QQQQ: Tech leads the way higher for American business for the most part. Here we can clearly see support and resistance.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
|
|
DOWN
26.41 |
DOWN
2.99 |
DOWN
10.02 |
DOWN
0.44 |
10 Yr
1.58%
SPDR Gold
151.62
|
|
-0.21%
|
-0.23%
|
-0.35%
|
-2.71%
|
Data delayed 20 minutes |
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