Right as called for clients, Nasdaq served premarket intraday gains on the long side, while S&P 500 provided the bulk of them on the short side yesterday. Brace yourselves for volatility today as there are quite a few catalyst with potential of forcing them ahead (and I don‘t mean Mideast now). Till then, consolidation time ahead, even though it doesn‘t look like that if you check yields (the farther out on the curve, the more prominent the ascent).
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Let‘s move right into the charts (all courtesy of www.stockcharts.com) – today‘s full scale article contains 2 more of them, with commentaries.
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