Morning Commentary
We are limping into the week after a difficult start of 2022, as rotation picked up speed. Investors are racing to energy and financials in the process dumping some of the biggest winners in their portfolios.
Selling begets selling and panic begets panic.
The NASDAQ Composition continues to struggle with 871names hitting 52 lows during the week.
Market Breadth |
NYSE |
NASDAQ |
Advancers |
1,489 |
1,999 |
Decliners |
2,084 |
3,173 |
52-Week Highs |
301 |
348 |
52-Week Lows |
276 |
871 |
Up Volume |
11.8 billion |
11.1 billion |
Down Volume |
9.9 billion |
12.2 billion |
Ten Year Bond Yield
Outflows from treasuries surged last week and helping to push up yields.
Key Resistance Points
The ten-year yield is moving higher at a pace that’s more worrisome than the actual level its looks like support will now be 1.668 while the top of the range is 2.23.
Today’s Session
All eyes on the NASDAQ 100 which has fallen below its 50-day moving average and at a pivotal support point at 15,592. If that doesn’t hold the next support level is the 200-day moving where a sizable gap is filled.
Economic Calendar
This week we might learn if inflation rocketed even higher. It’s clear the Fed will try to get in front of the news with a large slate scheduled to speak tomorrow.
Tweet |
7/15/2025 1:35 PM | Semis Rise & Banks Slide |
7/15/2025 10:13 AM | THE CURIOUS CASE |
7/14/2025 1:32 PM | Decisive Week |
7/14/2025 9:32 AM | GET READY! |
7/11/2025 1:45 PM | Facing Pressure |
7/11/2025 9:48 AM | CLEAR FOR TAKEOFF |
7/10/2025 1:53 PM | Small Caps Rally |
7/10/2025 9:56 AM | ENOUGH ZEN TO SHARE |
7/9/2025 1:32 PM | NVDA New Milestone |
7/9/2025 9:46 AM | PASSING THE BATON |
7/8/2025 1:33 PM | Seesaw Session |
7/8/2025 9:55 AM | MORE SUMMER BLAHS THAN FEAR OF MYANMAR'S TARIFF |
7/7/2025 1:27 PM | Trade Talks and Profit Taking |
7/7/2025 9:51 AM | LOVING MOOD |
7/3/2025 9:45 AM | NICE & STEADY AS SEMIS CONTINUE TO CHIP IN |
7/2/2025 1:44 PM | Materials' Strength Continues |
7/2/2025 9:38 AM | BARNBURNER |
7/1/2025 1:29 PM | Rotation |
7/1/2025 9:45 AM | FEAR OF MISSING OUT IS CREEPING IN |
6/30/2025 1:24 PM | Steady As She Goes |
6/30/2025 9:54 AM | SUMMER RALLY STARTS |
6/27/2025 1:35 PM | Reaching New Heights |
6/27/2025 9:39 AM | THERE'S MORE! |
6/26/2025 1:10 PM | S&P Approaches Record |
6/26/2025 9:51 AM | CHIPS MOMENTUM CONTINUES |
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