D&D Note (2.12.2018) ~ Tradable Bottom or Dead Cat Bounce? ~

D&D Note (2.12.2018) ~ Tradable Bottom or Dead Cat Bounce? ~

Markets continued to lift up on Monday’s session seeing gains over 1% on all indexes. Have we found a tradable bottom or is this just another dead cat bounce? All eyes will be on the upcoming CPI number and of course the new FED Chair J. Powell’s address to congress at the end of February.

The Trump Administration released its infrastructure plan, and many are questioning the details as it would seem the cost of the plan is falling on the states of which many are already broke.

Pot Stocks where mixed today with D&D seeing some be our biggest gainers on the day and others being are largest losers on the day.

Today was a broad based rally with all S&P sectors finishing higher on the day and only one DOW component in GE falling on the session.

Investors should still tread carefully until we are certain all the volatility based trades that blew up have become liquidated. Don’t be surprised to see markets retest lows this or next week before resuming the bull market.

D&D movers:

– CNTTF up 9.62%

– AAPL up 4.03%

– AMZN up 3.48%

– IMLFF up 3.34%

– TWMJF down -4.29%

– APHQF down -2.60%

– EMHTF down -1.91%

– NVDA down -1.75%

Indexes

– DOW up 1.70%

– NASDAQ up 1.56%

– S&P up 1.39%

Sector Movers:

– Materials up 2.09%

– Technology up 1.79%

– Energy up 1.65%

– No Sector finished lower on the session

Notes

– US 2-YR 2.077% (up 0.016)

– US 10-YR 2.858% (up 0.027)

– US 30-YR 3.144% (up 0.005)

Volatility

– VIX 25.61 (down -11.87%)

Crypto (1:00 PST)

– BTC $8,837.29

– ETH $869.60

– BCH $1,275.05

– LTC $161.29

Metals

– Gold $1,325.10 (up 0.71%)

– Silver $16.505 (up 2.27%)

– Copper $3.087 (up 1.76%)

Energy

– Oil $659.05 (down -3.43%)

– Brent $62.60 (down -3.41%)

– Nat Gas $2.605 (down -3.66%)