US equities remain very significantly lower, but its 11am, and that is a typical turn time. WTIC $36s aren’t helping, pressured via the USD, +0.7% in the DXY 93.35s.
sp’60min
VIX’60min
Summary
A bounce to the 3450s could be expected, and that will likely take us into late Wed/early Thursday. I would also keep in mind, resistance of the daily 10MA… in the 3470s. A downside target from there… the 50dma in the low 3300s.
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notable bond ETF: TLT
Yields cooling back. The big issue… will the early June low hold? A failure would warn of much higher yields into early 2021. That would be useful to the US bank stocks.
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notable financial: BAC
Financials lower with the main market. Yields aren’t helping. Massive resistance at the 200dma.
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notable stock: AAPL
Goldman boldly holding a ‘sell to $80’.
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notable stock: DIS
Deutsche Bank hold>buy, 128>163. Orange gap… remains a high threat.