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

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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

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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

 

Outperformers:

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

 

Underperformers:

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

 

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