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Something Strange And Unfamiliar Happened Yesterday
A peculiar green color permeated screens yesterday, a kind of Remembrance Of Things Past moment. In theory that could happen again today, but since two successive days of up seems too much positivity in the current environment, let's not jinx anything and instead just look to the charts as usual!
It's FOMC Wednesday and that usually brings with it not a little skulduggery, so even if today is an up-day, don't be surprised to see major games afoot tomorrow. Unless you are trading real-time, we believe a little separation from the live ticker to be helpful in resolving Powell-induced anxiety (a condition rumored to be forming part of the DSM-V when published).
Let's Get To It
Paying members, scroll right down for our latest take on markets. As always we look at the 10-year yield, the S&P500, Nasdaq-100, Dow Jones and the Russell 2000. We add Bitcoin and Ether futures pricing for good measure.
Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.
US 10-Year Yield
Continues to trend down we think.
S&P500 / SPY / ES
Nasdaq-100 / QQQ / NQ
We are now tracking both our base- and bull cases in the QQQ.