Bonds Weigh On Stocks
FUNDAMENTAL ANALYSIS
The Dow ended what was shaping up to be a positive day down 129.95 points on rising bond yields. After such a great run in the stock markets, it is not surprising to see a move into bonds to better secure those gains so far. Even though the Dow has surrendered much of last Friday's gains, the real market moving news are still to come with the PPI and CPI numbers. In a couple of days time.
TECHNICAL ANALYSIS
Much to my surprise, the Dow gave up the 30MA support line and made a run downwards. However, one day down does not suggest anything at all and I continue to stand by my analysis of yesterday.
The Dow ended what was shaping up to be a positive day down 129.95 points on rising bond yields. After such a great run in the stock markets, it is not surprising to see a move into bonds to better secure those gains so far. Even though the Dow has surrendered much of last Friday's gains, the real market moving news are still to come with the PPI and CPI numbers. In a couple of days time.
TECHNICAL ANALYSIS
Much to my surprise, the Dow gave up the 30MA support line and made a run downwards. However, one day down does not suggest anything at all and I continue to stand by my analysis of yesterday.
posted by Jason Ng at 6:38 PM
0 Comments:
Post a Comment
<< Home