Looks like the market run up this morning is loosing steam.. the market is consolidating and would expect to give up some gains before improving towards the end of the day. Dow and S&P are both in the green but a lot more timid. Will wait for the MACD to cross before getting back with longs.
Would expect NDQ to oscillate between 14,750 to 15,250 (support and resistance respectively).The rally today driven by Tesla and Twitter news. We will need more conviction in broader range of stocks and indexes before risk-on push will seem sustainable. The 2y10y yield remains inverted, which will dampen more Dow and S&P than NASDAQ.
Would expect NDQ to oscillate between 14,750 to 15,250 (support and resistance respectively).The rally today driven by Tesla and Twitter news. We will need more conviction in broader range of stocks and indexes before risk-on push will seem sustainable. The 2y10y yield remains inverted, which will dampen more Dow and S&P than NASDAQ.