Equites certainly don't care, but TLT breaking major support here.
Will Jerome bailout the bond market this weekend?
Volatility in bonds are through the roof right now.
Rising yields in the bond market are becoming a major problem For the financial and if they continue to rally higher, it will ultimately crash the stock market. In this video, I cover the impact of the rising yields and what it means for stocks and the stock market going forward.
Watch for an eventual test of support at $155 for $UPS, creating a huge head and shoulders pattern in the process.
Resistance on $SPOT continues to prevent price from breaking out and getting the necessary follow through.
3 straight days 10 year yield is holding breakout support. Looking for a move higher from here going forward. $TNX
$CRM sneaking into the gap for the attempted fill.
$CLF inverse head and shoulders pattern testing the neckline for a potential breakout here.
$NIO key long-term support getting a major test today. So important that it bounces right here.
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