Market Report Apr 29 2022

  • Post author:

Market Report for Apr 29 2022

S&P 500 and Nasdaq

Stock Market %:
DJIA: +1.85
Nasdaq Composite: +3.06
S&P 500: +2.47
UK FTSE 100: +1.13

Market Volume:
NYSE Vol: 1.0 bln (Above)
Nasdaq Vol: 5.0 bln (Above)

Yields:
2-yr: +7 bps to 2.64%
3-yr: +8 bps to 2.81%
5-yr: +7 bps to 2.88%
10-yr: +5 bps to 2.86%
30-yr: +2 bps to 2.93%

Comments:
As partly expected and mentioned yesterday, we could well see a bounce. The market scare tactic worked and saw lots of traders exit positions only to see those trades move back up. The question is, can yesterdays bounce be sustained and will we see a follow-through of that momentum?

All the sectors had a bullish day.

Earnings after hours from AAPL and AMZN among others saw a move down overnight.

No new positions and we are still managing trades if that follow-through does not occur.

Let’s go trade!