Afternoon Note
Major indices showed a bit of a resurgence intraday; but have been in seesaw so far. The market is a little anxious today with the Fed minutes at 2 pm, bond auction results and the highly anticipated Jobs report on Friday.

The Ten-Year Treasury Yield (TNX) briefly surpassed the 4.7% level this morning before falling just below it.

Bitcoin (BTC) is also seeing some continued weakness, currently down 3.72% at $93,596.95.

The only sector in the green is Health Care (XLV), up 0.11%. Meanwhile the two laggards are Utilities (XLU) and Communication Services (XLC).

The 30-year bond auction saw better demand than last time and high yield below when issue. Overall, it was a good auction, investors are still willing to buy bonds.
Market breadth is decidedly negative, but volume is a bit light.
|
Market Breadth |
NYSE |
NASDAQ |
|
Advancers |
760 |
934 |
|
Decliners |
2,004 |
3,328 |
|
New Highs |
16 |
42 |
|
New Lows |
115 |
135 |
|
Up Volume |
502.67 million |
1.64 billion |
|
Down Volume |
1.51 billion |
4.03 billion |
NYSE and Nasdaq will close their equity and options markets tomorrow, observing a National Day of Mourning.
| Tweet |
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| 3/31/2026 9:34 AM | SHOOTING GALLERY |
| 3/30/2026 1:36 PM | Mixed Monday |
| 3/30/2026 9:37 AM | THE NEXT PHASE |
| 3/27/2026 1:26 PM | Waiting for The Dust to Settle |
| 3/27/2026 9:59 AM | STRESSED & FATIGUED |
| 3/26/2026 1:54 PM | Thursday Dip |
| 3/26/2026 9:42 AM | LOOKING FOR LEADERSHIP |
| 3/25/2026 1:42 PM | Facing Resistance |
| 3/25/2026 9:28 AM | Good Retry |
| 3/24/2026 1:27 PM | Participation Broadens |
| 3/24/2026 9:38 AM | GOOD TRY |
| 3/23/2026 1:20 PM | Market Over Sold |
| 3/23/2026 9:53 AM | OVERSOLD SIGNALS ABOUND |
| 3/20/2026 1:20 PM | From the Strait to the Street |
| 3/20/2026 9:45 AM | SIGNS OF LIFE |
| 3/19/2026 1:25 PM | Continued Pressure |
| 3/19/2026 9:44 AM | MIC DROP |
| 3/18/2026 1:44 PM | Facing Pressure |
| 3/18/2026 9:43 AM | STILL TEPID |
| 3/17/2026 1:27 PM | Continued Resilience |
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