US Market Update Good morning Traders, US indices are mixed...

US Market Update

Good morning Traders,

US indices are mixed again today with the Dow (-.17%) and SPX (+.17%) weak relative to the Nasdaq (+.72%) and R2K (+.80%) as money flows out of trade war sensitive stocks and into tech and small caps.

Meanwhile , I see you all are having fun amid the action in the AUD/USD.

Telecom (-.97%), Materials (-.39%) and financials (-.31%) are the negative sectors while real estate (+1.09%) far outpaces an otherwise positive but relatively flat sector view.

Oil (CLQ8 65.42 or +.80%) is up somewhat today on the impending OPEC meeting where Iran says it will refuse an increase in production while Russia wants to release more supply.

Someone sold a bunch of emerging market ETF shares today and while it was absorbed amid ample liquidity, it reinforces the view that investors are cautious on the rising US interest rates and USD (95.097 and +.01%), which was flat today. Gold (GCQ8 1271.0 or -.59%) was down again despite that flat USD.

US Treasury yields are a little higher with the 10-Year Note yield at 2.93% and the 2-Year up 2 bps at 2.57%.

NYSE Internals
A-D Lines opened near +1400 and settled at +633. NYSE breadth: +1.46:1 and NASD breadth: +2.01:1
NYSE TICK: positive but very even with ticks staying under 500 for the most part. TRIN: 1.07

NYSE MOC: - 118M for sale, +28M to buy thus - 90M on balance

Implied Volatility
VXN8: 13.93, VXQ8: 14.65 and VIX: 12.79 or - 4.19%

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