- Reaction score
- 2,623
Higher yields and higher oil prices are squeezing the the stock market.
The S&P 500 is retesting the bottom of the range between the green and purple moving averages. Support has been strong here, but it looks vulnerable.
Strong jobs data and higher oil prices are helping lift yields.
The dollar is rallying, helping put pressure on prices, particularly the I-fund.
The indices are coiling up for a big move in one direction or the other. Gold and bonds are down so there is not a rush to get into those safe havens.
The S&P 500 is retesting the bottom of the range between the green and purple moving averages. Support has been strong here, but it looks vulnerable.
Strong jobs data and higher oil prices are helping lift yields.
The dollar is rallying, helping put pressure on prices, particularly the I-fund.
The indices are coiling up for a big move in one direction or the other. Gold and bonds are down so there is not a rush to get into those safe havens.
