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Market Rap 02/15/22 by CTG

SPY / QQQ / Vix

SPY 5 days, hourly candles S&P futures with a strong rally on news Russia is pulling back, well thru yesterdays highs and halfway into Fridays range 446.30 the corresponding futures high so far

437.94 the corresponding futures low

SPY 3 months, daily candles Daily downtrend in play with anything under 457.88 being a daily "lower high" on this gap up bounce. Hammer candle yesterday looking to confirm today with a strong open, and most importantly a strong close.441.60 the high from yesterday, trading well above there currently for the gap up open

444.20 the 200 day MA, which we're also currently back above

447.07 the daily 12ema

451.66 the 150 day MA

457.71-458.12 the recent bounce highs, anything under there a daily "lower high"

459.20 the 50 day MA 435.34 the low from yesterday and first support on this timeframe

427.15-427.82 next

420.76 after that

QQQ 5 days, hourly candles Nasdaq seeing a strong futures bounce on the supposed Russian de-escalation as well, well thru yesterdays highs and pushing over the halfway point of Fridays range 355.32 the corresponding futures high so far

347 the corresponding futures low

QQQ 3 months, daily candles Gap up open coming here as well, daily downtrend in play; anything under 366.81 on this bounce is a daily "lower high" 350.98 the high from yesterday, trading well above there now for the gap up open 356.45 the daily 12ema 360.07 next resistance 366.49-366.81 after that 366.86 the 200 day MA 343.89 the low from yesterday and first support on this timeframe 337.95 next 334.15 after that

TLT 5 days, hourly candles Back testing recent lows after seeing a strong bounce on Russian Ukraine invasion fears

March Vix futures 3 months, daily candles Big vol crush underway currently on this strong bounce for the broad market

Spot Vix 3 months, daily candles Daily consolidation of this recent Vix surge underway.

Still trading around 25 currently, so wide intraday ranges, both directions, will be the norm.

Futures rally on signs of Russia-Ukraine de-escalation

15-Feb-22 07:55 ET

Market is Closed

[BRIEFING.COM] S&P futures vs fair value: +71.10. Nasdaq futures vs fair value: +291.30.

The S&P 500 futures trade 71 points, or 1.6%, above fair value in a relief rally on news that Russia has pulled back some troops from its border with Ukraine. Long-term interest rates have edged higher while oil prices have taken a dip.

According to CNBC, there are still over 100,000 troops conducting large military drills at the border, so the U.S. is taking possible de-escalation with a "grain of salt." The market, though, is more optimistic that diplomacy will win out.

Other positive-sounding developments include the People's Bank of China injecting CNY100 billion ($15.7 billion) into the banking system, Intel (INTC 48.21, +0.63, +1.3%) acquiring Tower Semi (TSEM 47.73, +14.60, +44.1%) in a $5.4 billion cash deal, and better-than-expected earnings reports.

Away from equities, the 10-yr yield is up three basis points to 2.03% while the 2-yr yield trades lower by one basis point to 1.58%. The U.S. Dollar Index is down 0.3% to 96.07. WTI crude futures are down 3.1%, or $2.99, to $93.49/bbl.

On the data front, investors will receive the Producer Price Index for January ( consensus 0.5%) and the Empire State Manufacturing Survey for February ( consensus 12.0) at 8:30 a.m. ET, followed by Net Long-Term TIC Flows for December at 4:00 p.m. ET.

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