Market Report Mar 18 2022

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Market Report for Mar 18 2022

S&P 500 and Nasdaq Composite

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

Stock Market %: 
DJIA: +1.23
Nasdaq Composite: +1.33
S&P 500: +1.23
UK FTSE 100: +1.28

Market Volume:
NYSE Vol: 1.1 bln (Above)
Nasdaq Vol: 5.5 bln (Above)

Yields:
2-yr: -4 bps to 1.94%
3-yr: -1 bp to 2.15%
5-yr: -3 bps to 2.17%
10-yr: UNCH at 2.19%
30-yr: +3 bps to 2.49%

Comments:
The market extended its rebound rally with all the sectors closing positive. This bullish market move was while crude oil was also rising.

From a technical perspective, the market has not reached very low levels. That does not mean it needs to as prices will often undershoot but we need that in mind before making any buying decisions.

The last day of the trading week so a good reason to stand aside and take stock of what we have.

Let’s go trade!