Afternoon Note
After a couple of rough sessions, the market is mostly marking time. There are a couple of known knowns.
The downtrend is firmly intact. Key potential breakout points fail and spark big emotional selling.
The relationship between the ten-year yield and the tech sector is remarkable and maybe oversimplified. But it's clear that in the past year higher yields equal lower tech stocks. Periodically, yield dips trigger tech bounces. With that in mind, at some point, lower yields will positively influence tech. But there are wrinkles, including Fed policy.
I need to see a session like this close in a rally - not coming off a super depressed rout, but climb into the plus column, and finish at the high point of the session
Comments |
Charles, bet you know this one to get us thru these times Have faith, hope and charity That's the way to live successfully How do I know, the Bible tells me so fred wiese on 12/7/2022 2:04:17 PM |
Tweet |
1/30/2023 1:44 PM | Busy Week |
1/30/2023 9:26 AM | BIGGEST TEST |
1/27/2023 1:48 PM | Testing 2023 Rally |
1/27/2023 9:34 AM | ON THE DOORSTEP |
1/26/2023 1:09 PM | Backing and Filling |
1/26/2023 9:35 AM | ARE THE ANIMALS BACK? |
1/25/2023 1:01 PM | Not That Bad |
1/25/2023 9:57 AM | SPUNKY MARKET NEEDS BOOST |
1/24/2023 1:09 PM | Recession, Soft Landing Debate |
1/24/2023 9:52 AM | RALLY ON TIGHTROPE |
1/23/2023 1:55 PM | Nasdaq Leads |
1/23/2023 9:48 AM | LOOKING MUCH BETTER |
1/20/2023 1:39 PM | Netflix Rallies |
1/20/2023 1:39 PM | Netflix Rallies |
1/20/2023 9:44 AM | GLIMMER OF HOPE |
1/19/2023 1:17 PM | Slow Our Roll |
1/19/2023 9:42 AM | TRAPDOOR |
1/18/2023 1:11 PM | Careful What Your Root For |
1/18/2023 9:43 AM | HELD BACK BY GOLDMAN |
1/17/2023 1:58 PM | Focus on Earnings |
1/17/2023 9:50 AM | MONSTER START – CAN IT CONTINUE? |
1/13/2023 1:36 PM | Showing Resilience |
1/13/2023 9:28 AM | FRIDAY THE 13TH - FEAR THE FED |
1/12/2023 1:42 PM | Chopfest |
1/12/2023 10:03 AM | HOPE SPRINGS ETERNAL |
More commentary archives |
Home |
Products & Services |
Education |
In The Media |
Help |
About Us |
Disclaimer | Privacy Policy | Terms of Use | All Rights Reserved.
|