INTERNATIONAL TRADE: Vietnam Exports To EU Growing Swiftly But Still Small [2/2]
May-09 15:51
* Data released earlier this week showed Vietnam exports to the EU were continuing to increase str...
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US 10YR FUTURE TECHS: (M5) Monitoring Trendline Support
Apr-09 15:51
- RES 4: 114-10 High Apr 7 and the bull trigger
- RES 3: 113-09+ 76.4% retracement of the Apr 7 - 9 sell-off
- RES 2: 112-21+ 61.8% retracement of the Apr 7 - 9 sell-off
- RES 1: 112-08 High Apr 7
- PRICE: 110-26+ @ 15:50 BST Apr 9
- SUP 1: 110-01 Intraday low
- SUP 2: 109-29 Trendline support drawn from the Jan 13 low
- SUP 3: 109-13+ Low Feb 24
- SUP 4: 108-26+ 76.4% of the Jan 13 - Apr 7 bull cycle
A sharp sell-off in Treasury futures this week has resulted in a breach of both the 20- and 50-day EMAs. Attention is on trendline support at 109-29, drawn from the Jan 13 low. A clear break of this support would strengthen a bearish threat. Note that the steep sell-off could still be a corrective pullback that has allowed an oversold trend condition to unwind. Initial resistance to watch is 112-08, yesterday’s high. A break would highlight a possible early reversal.
US STOCKS: Early Equities Roundup: Off Lows Despite Retaliatory Tariff Volley
Apr-09 15:40
- Stocks have see-sawed off early overnight lows ahead midday despite China (84%) and the EU (E21B) announcing retaliatory tariffs against the US Wednesday morning. Currently, the DJIA trades down 3.06 points (-0.01%) at 37632.5, S&P E-Minis down 0.25 points (-0.01%) at 5020.25, Nasdaq up 126.9 points (0.8%) at 15391.6.
- Information Technology and Consumer Discretionary sectors outperformed in the first half, hardware and semiconductor makers buoyed the tech sector: Advanced Micro Devices +5.28%, Intel Corp +4.69%, Apple +3.90%, Skyworks Solutions +3.68% and Teradyne +3.05%.
- The Consumer Discretionary sector was supported by: Tesla +3.51%, Wynn Resorts +2.81%, Expedia Group +1.87%, Chipotle Mexican Grill +1.78% and MGM Resorts International +1.61%
- On the flipside, Utilities and Health Care sectors underperformed, alternative energy providers weighing on the former: Entergy Corp -3.52%, Evergy -3.32%, NiSource -2.91%, Duke Energy -2.72% and NextEra Energy -2.71%.
- Meanwhile, pharmaceuticals weighed on the Health Care sector: Bristol-Myers Squibb -5.73%, AbbVie -5.68%, Incyte Corp -4.88%, Regeneron Pharmaceuticals -4.77% and Eli Lilly -4.53%.
- Reminder, banks kick off the latest earnings cycle this Friday with Bank of New York Mellon, Wells Fargo & Co, JPMorgan Chase and Morgan Stanley reporting.
FED: US TSY 17W BILL AUCTION: HIGH 4.250%(ALLOT 3.28%)
Apr-09 15:32
- US TSY 17W BILL AUCTION: HIGH 4.250%(ALLOT 3.28%)
- US TSY 17W BILL AUCTION: DEALERS TAKE 43.15% OF COMPETITIVES
- US TSY 17W BILL AUCTION: DIRECTS TAKE 4.04% OF COMPETITIVES
- US TSY 17W BILL AUCTION: INDIRECTS TAKE 52.81% OF COMPETITIVES
- US TSY 17W BILL AUCTION: BID/CVR 2.71
