D&D Note (2.15.2018) ~ Another Afternoon Rally ~

D&D Note (2.15.2018) ~ Another Afternoon Rally ~

Markets all week have seen selling pressure in the morning followed by afternoon rallies into the close. This is a positive sign that buyers are entering the market. It would seem that we might be out of the woods in terms of the liquidation of the blown up VIX trade. Today we saw the major indexes in USA all finish up over 1% on the session.

Pot Stocks remain mixed on a daily basis with D&D continuing to see these stocks in both are largest percentage gainers on the day as well as largest percentage decliners. It would appear that as we move through earnings some stocks get sold off to raise cash to move into the earnings reporting stocks, i.e. rotation.

Energy was the only sector to fall on the day with Utilities rebounding to lead the day followed by Technology.

U.S. Treasures remained mostly unchanged on the day with the 10YR yield slighting falling, 30YR yield UNCH, and the 2YR yield slightly gaining.

Oil found a bid and closed above $60 at $61.34 a barrel.

D&D movers:

– TCEHY up 3.61%

– CNTTF up 3.52%

– TWMJF up 3.40%

– BA up 3.37%

– EMHTF down -6.88%

– APHQF down 3.68%

– IMLFF down 3.40%

– UNH down -1.21%

Indexes

– DOW up 1.23%

– NASDAQ up 1.58%

– S&P up 1.21%

Sector Movers:

– Utilities up 2.12%

– Technology up 1.90%

– Consumer Staples up 1.59%

– Energy down -0.42%

Notes

– US 2-YR 2.188% (up 0.016)

– US 10-YR 2.906% (down -0.007)

– US 30-YR 3.162% (UNCH)

Volatility

– VIX 19.13 (down -0.67%)

Crypto (1:00 PST)

– BTC $10,040.01

– ETH $927.34

– BCH $1,363.01

– LTC $214.26

Metals

– Gold $1,355.30

– Silver $16.796

– Copper $3.2455

Energy

– Oil $61.34

– Brent $64.44

– Nat Gas $2.58