[Video] Rising US Yields Continue to Drive Markets (NDX, JPY, US10Y)

Bond markets continue to price in Fed tapering and the potential for an earlier rate, weighing on technology stocks and the Japanese yen.

In today’s video we update our analysis on the Nasdaq 100 and outline our near-term bearish view. We also look at USD/JPY as it reached a near 3-year high, and then US 10-year yield.


S&P 500: Market Internals


S&P 500: 4361.19 (-0.69%), 11 October 2021

  • Real Estate (0.172%) was the strongest sector and Communication Services (-1.44%) was the weakest
  • 9 out of the 11 sectors traded lower on the S&P 500
  • 6 out of the 11 sectors outperformed the S&P 500
  • 124 (24.55%) stocks advanced and 379 (75.05%) declined
  • 62.77% of stocks closed above their 200-day average
  • 36.44% of stocks closed above their 50-day average
  • 42.77% of stocks closed above their 20-day average



  • + 4.47%-Enphase Energy Inc(ENPH.OQ)
  • + 3.76%-Mosaic Co(MOS.N)
  • + 3.39%-Wynn Resorts Ltd(WYNN.OQ)



  • ·-4.98%-Global Payments Inc(GPN.N)
  • ·-4.83%-Gap Inc(GPS.N)
  • ·-4.57%-ETSY Inc(ETSY.OQ)


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