D&D Note (3.26.2018) ~ Bounce Back Rally in Markets #StockMarket ~

D&D Note (3.26.2018) ~ Bounce Back Rally in Markets ~

Markets bounced off the Friday lows where we saw the 200 day moving average in the S&P get tested. Today we saw widespread gains lifting off oversold conditions. The DOW seeing one of the largest single point day gains ever.

DOW gained 2.84% (669.40 points)
S&P 500 gained 2.72%
NASDAQ gained 3.26%

Markets were led by Technology and Financial sectors.

The 10YR has remained in the 2.80 to 2.90 trading range.

Asian equities gained the most for D&D today as the extent of the trade war with China eases some. TCEHY gained 5.48% and BABA gained 5.13%.

Crypto remains under pressure with Bitcoin falling below $8,000 and Ethereum below $500.

D&D movers:
– TCEHY up 5.48%
– BABA up 5.13%
– NVDA up 4.94%
– AAPL up 4.75%

– EMHTF down -3.31%
– IMLFF down -1.69%
– APHQF down -1.46%
– CNTTF down -0.01%

Indexes
– DOW up 2.84%
– NASDAQ up 3.26%
– S&P up 2.72%

Sector Movers:
– Technology up 4.03%
– Financials up 3.24%
– Consumer Discretionary up 2.91%

– No sector finished lower on the session

Notes
– US 2-YR 2.279% (up 0.017)
– US 10-YR 2.852% (up 0.026)
– US 30-YR 3.083% (up 0.009)

Volatility
– VIX 20.92 (down -15.88%)

Crypto (1:00 PST)
– BTC $7,917.67
– ETH $473.64
– BCH $896.60
– LTC $144.27

Metals
– Gold $1,352.90 up 0.22%
– Silver $16.69 up 0.65%
– Copper $2.9835 down -0.32%

Energy
– Oil $65.48 down -0.61%
– Brent $70.01 down -0.62%
– Nat Gas $2.633 up -1.31%