Market Report Mar 09 2022

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Market Report for Mar 09 2022

S&P 500 and Nasdaq Composite

Market Trend:
S&P 500 = Mixed
Nasdaq Composite = Mixed

Stock Market %:
DJIA: -0.56
Nasdaq Composite: -0.28
S&P 500: -0.72
UK FTSE 100: +0.07

Market Volume:
NYSE Vol: 1.5 bln (Above)
Nasdaq Vol: (6.6 bln (Above)

Yields:
2-yr: +9 bps to 1.63%
3-yr: +10 bps to 1.77%
5-yr: +12 bps to 1.81%
10-yr: +12 bps to 1.87%
30-yr: +9 bps to 2.24%

Comments:
Another session of large swings in the market that ended from being very positive to negative.

Swing Points:
DJIA: 824
Nasdaq Composite: 489
S&P 500: 119

Only 3 sectors found any strength with Energy being the main one.

About half of our stocks ended in the green.

Volatility is very much contained in these sessions which is why it is best to stand aside, although we do have a few opportunities on our watchlist we are considering.

Let’s go trade!