D&D Market Note of the Day (1.18.2018)
The market took a breather today ahead of a potential government shutdown on Friday. Volatility has come back into the market this week, however it might be short lived, as politics and Washington are the main cause for the spike.
Investors eyes are turning more and more to the 10-YR bond chart as it creeps up. The key level to watch is 3% as that is when we will see a shift from high yielding equities to bonds and will likely cause a 5-10% equity correction. Will that happen soon? Most likely not for another 2 quarters as earnings are still the driving force behind current daily trends. Next key resistance level is 1.63% so keep your eyes on the daily chart.
Crypto saw a move higher after a long down slide for the group. Bitcoin saw a gain of 9.05% and Etherium gained 9.7%
D&D Movers:
– EMHTF up 5.69%
– WNS up 5.19%
– TSM up 3.34%
– BA down -3.08%
– TWMJF down -1.63%
– TTM down -1.36%
Indexes
– DOW down -0.37%
– NASDAQ down -0.03%
– S&P down -0.16%
Sector Movers:
– Telecom up 0.24%
– Technology up 0.17%
– Health up 0.02%
– Real Estate down -0.98%
– Energy down -0.80%
– Utilities down -0.62%
Bonds
– US 2-YR 2.043% (UNCH)
– US 10-YR 2.618% (up 0.04)
– US 30-YR 2.894% (up 0.046)
Volatility
– VIX 11.92 (up 0.08%)
Crypto (1:00 PST)
– BTC $11,900.01
– ETH $1,090.09
– BCH $1,884.41
– LTC $204.11
Metals
– Gold $1,326.40 (down -0.96%)
– Silver $16.95 (down -1.26%)
– Copper $3.1985 (up 0.30%)
Energy
– Oil $63.75 (down -0.34%)
– Brent $69.16 (down -0.32%)
– Nat Gas $3.206 (down -0.80%)
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