US Closing Update
Oil led an indecisive SPX down to last Friday’s area of ES congestion. The area just below the frail structure over 2716 acted as support on the close.
The 10 Year Treasury got a bit of support today – possibly a flight to safety.
USD strength magnified the oil-led assault on equities.
Market Internals
NYSE Advance-Decline Lines: -158 into the close. NYSE breadth: -4.44:1. NASDAQ breadth: -2.61:1. NYSE TICK trended down since 14:15. TRIN ended at 1.74
Implied Volatility
VIX now up +6.78% on the day. VXH8:18.57 VXJ8:17.90 VIX: 19.85
Equity Related Currencies and Crosses
USD Index (+.35% at 90.675) ended the day at multi weak highs, moving through a point of resistance at 90.563. Bulls are keenly eying a breakout. It could put more pressure on equities.
Debt/Bond/Treasury
ZNM8 10 Year Treasury futures are now +.25% and the 10 Year yield is back to about 2.87%. Watch this space for a flight to safety.
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Last
8,456.8 |
Change
13.100(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,443.7 | 8,496.5 | 8,441.3 |
| XAO (ASX) Chart |