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.
The CPI Report comes out and with it a huge shock to the stock market is expected. A reading of 6.2% is expected for the Consumer Price Index. In this video, I provide my analysis of how it impacts $SPY $QQQ as well as taking a look at the 10 year yield and 30 year
$BBBY down 67% since the highs of Monday.
$GMAB with a nice rising trend-line off of the June lows, showing strong potential for a move to $45’s.