SPY / QQQ / Vix
SPY 5 days, hourly candles S&P futures tested the lower range from yesterday, after a brief push thru yesterdays highs earlier in the evening 436.38 the corresponding futures low
440.47 the corresponding futures high
SPY 3 months, daily candles Inside bars from last week broke bearish without seeing much follow thru, so far. Another close under the 50 day MA as the daily downtrend continues. (support)
435.61 the low from yesterday
427-428ish area the last chunk of volume profile support
424.80 after that (resistance)
439.75 the high from yesterday
440.60 the 50 day MA
443.71 the 12ema
444.73-445.75 next area
445.94 small open gap
448.43 the 200 day MA
QQQ 5 days, hourly candles Nasdaq futures also had a brief breakout attempt over yesterdays highs; Then tested yesterdays lower end of the range. 336.90 the corresponding futures low
341.64 the corresponding futures high
QQQ 3 months, daily candles Last weeks inside bars broke bearish, daily downtrend continues (support)
335.79 the low from yesterday
317.45-319.23 March lows creeping into the picture (resistance)
341.04 the high from yesterday
346.97-347.69 next resistance area
347.53 the 12ema
347.55 the 50 day MA
348.50 open gap
TLT knife plunge continues Trading back at levels last seen March of '19
All timeframes oversold up to the weekly, monthly is close also
May Vix futures 3 months, daily candles Not much lift/concern here yesterday as we chop around in the broad market
Spot Vix 3months, daily candles Holding above 20, so wider ranges both directions should be expected; So far any attempt to push higher into the 20s hasn't had any staying power. Would probably need to see the broad market testing it's Feb/March lows for any real lift up there. https://www.briefing.com/stock-market-update Futures struggling to gain traction
19-Apr-22 07:55 ET
Market is Closed
[BRIEFING.COM] S&P futures vs fair value: +3.70. Nasdaq futures vs fair value: -20.30.
The S&P 500 futures trade four points, or 0.1%, above fair value as investors continue to show a lack of conviction. Buying interest has been restrained by a lackluster response to earnings news, hawkish-sounding Fed commentary, and upwards pressure in long-term interest rates.
Starting with earnings, Dow components Johnson & Johnson (JNJ 176.95, -0.71, -0.4%) and Travelers (TRV 181.75, -3.47, -1.9%) are both trading lower in pre-market action despite beating EPS estimates, but to be fair, JNJ also lowered its FY22 EPS guidance below consensus.
In Fedspeak, St. Louis Fed President Bullard (FOMC voter) said in a speech yesterday that he wants rates to go to 3.5% by end of the year and that the Fed shouldn't rule out the use of 75-basis-point rate increases, according to Bloomberg. As a reminder, the Fed's next policy meeting is in two weeks.
The 10-yr Treasury note yield continues to head toward 3.00%, topping 2.90% overnight. Right now, the benchmark yield is up three basis points to 2.89% while the 2-yr yield trades unchanged at 2.47%. The U.S. Dollar Index is up 0.1% to 100.92. WTI crude futures are down 1.2%, or $1.34, to $106.87/bbl.