Treasury Yield 10 Years

  • TNX

  • $4.32

  • +1.24%

  • $4.30

  • $4.33

  • $4.27

Ticker Appearances

Mon, November 25, 2024 | 11:04AM ET

⚡ FlashInsights

Mon, November 25, 2024 | 11:04AM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥 🔥
Lots of early week volatility as TNX is lower by 10 bps, taking out last few days lows and DXY also has undercut last Friday's lows. Gold and Silver are both down 3% today and Crude oil is also lower by -2.4%. Equities are having a good day thus far, with RSP higher by +1.25% and good movement from Small and mid-caps. Yet, Large cap Tech is underperforming with NVDA falling further and XLK is barely positive at just +0.28%. 10 of 11 sectors are up with Energy lower, and Consumer Discretionary surging as RSPD has moved to new highs. Market breadth is good today at around 4/1 bullish. The question remains whether the lackluster movement and recent deterioration in NVDA, GOOGL, MSFT, and AAPL not at new highs will result in SPX stalling and reversing course, as for now there is marked divergence between SPX, QQQ compared to RSP in recent days. The chart below is of ^TNX 1.24%  which shows a very big breakdown in yields. I like TLT at current levels technically for a big bounce over the next few weeks.
Tickers
Tue, October 29, 2024 | 4:05PM ET

⚡ FlashInsights

Tue, October 29, 2024 | 4:05PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy
🔥 🔥
From a price perspective of indices like ^SPX -0.46%  or NASDAQ, the US Stock market has rebounded impressively today and Technology has managed to gain further ground, but is doing so while many sectors aren't participating. There are eight sectors which finished negatively today, with Utilities and Energy are showing the worst underperformance. However, i expect that the 5 "Magnificent 7" stocks reporting earnings today will be able to successfully lift SPX back to new highs into early November ahead of a period of consolidation. The so-called "Trump Trade" assets which have been working well might all encounter a "Buy the rumor, sell the news" type reaction come Election day, with possible reversals in ^TNX 1.24% , DXY and eventually in IWM -1.38%  and ^SPX -0.46% . For now, i expect this Tech led rally to continue, and any move over 5863 should help SPX gain ~100 points into early November. See this consolidation pattern shown below.
Tickers

Daily Technical Strategy
Mon, October 7, 2024 | 7:22PM ET
Mark
Mark L. Newton, CMT AC

Head of Technical Strategy

Crude, FXI, Utilities & Treasury yields all getting close to resistance

SHORT-TERM US EQUITY TRENDS LOOK TO HAVE TURNED BACK HIGHER LAST FRIDAY FOLLOWING A CHOPPY PERIOD OF CONSOLIDATION IN RECENT WEEKS.   DESPITE A PLETHORA OF...

This report is accessible to
FSI Pro, FSI Macro memberships.

You have viewed the limit of 2 reports for free this month.

To continue reading our research please sign up below.

Already have an account? Sign In

Visitor: 7584e7-ae0e4f-6a2286-e059cf-305f08

Events

Tickers

Trending tickers in our research