SPY / QQQ / Vix
SPY 5 days, hourly candles S&P futures pulled back into the middle of yesterdays range 364 the corresponding futures low
371.17 the after hours high from yesterday before futures opened

SPY 3 months, daily candles SPY started its daily oversold bounce and almost filled the first overhead gap. Bulls will want to see follow thru today for confidence it's not just a daily bear flag. (resistance)
372.30 the high from yesterday
373.44 gap still open
378.05 the declining 12ema (white line) still overhead (support)
362.60 the low from yesterday
360.87
358.72 the pre mtk low from yesterday

QQQ 5 days, hourly candles Nasdaq futures also pulled back into the middle of yesterdays range 275.40 the corresponding futures low
280.38 the after hours high from yesterday, before futures opened

QQQ 3 months, daily candles Daily oversold bounce trying to get going here as well, more follow thru needed for any bull confidence (resistance)
281.25 the high from yesterday
283.03
284.46 the daily 12ema (white line) (support)
272.95 the low from yesterday
272.02
269.96 the pre mkt low from yesterday
269.28 the June 16th low

October Vix futures 3 months, daily candles
Retracing almost half of yesterdays big pull off

Spot Vix 6 months, daily candles
Pulled back against the previous May/June highs from earlier in the year. Bulls don't want to see 30 become the new base.

$DXY 3months, daily candles
Daily consolidation started yesterday, which was a big component to get the broad market bounce underway

TLT 3 months, daily candles
Daily bounce underway here as well, which was another component to help the broad market bounce, as longer term rates backed off some from their new peaks. Heavy volume the past few days that might be starting to signal some short term capitulation in the treasury market.

https://www.briefing.com/stock-market-update
[BRIEFING.COM] S&P futures vs fair value: -27.30. Nasdaq futures vs fair value: -115.80.The S&P 500 futures are down 26 points and are trading 0.8% below fair value. The Nasdaq 100 futures are down 117 points and are trading 1.0% below fair value. The Dow Jones Industrial Average futures are down 153 points and are trading 0.5% below fair value.
There's no follow-through from yesterday's rally for equity futures this morning. The 2-yr note yield is up ten basis points to 4.20% and the 10-yr note yield is up 11 basis points to 3.83%.
Investor concerns were stoked by British Prime Minister Truss, who defended her economic plan, saying she is willing to make "controversial" decisions to boost growth. This led to renewed selling interest for the UK gilt and British pound.
Geopolitical angst has been heightened, too, with Reuters reporting that Russian President Putin will annex 15% of Ukraine (four territories) tomorrow. Reuters also reported that OPEC+ will speak about output reduction at next week's meeting.
Energy complex futures are moving higher this morning. WTI crude oil futures are up 0.2% to $82.29/bbl and natural gas futures are up 0.3% to $6.98/mmbtu.
Market participants will receive the following economic data today:
8:30 ET: Weekly Initial Claims (Briefing.com consensus 213,000; prior 213,000), Continuing Claims (prior 1.379 mln), Q2 GDP -- third estimate (Briefing.com consensus -0.6%; prior -0.6%), and Q2 GDP Deflator -- third estimate (Briefing.com consensus 8.9%; prior 8.9%)
10:30 ET: Weekly natural gas inventories (prior +103 bcf)
In corporate news:
Apple (AAPL 146.62, -3.22, -2.15%): downgraded to Neutral from Buy at BofA Securities; upgraded to Buy from Neutral at Rosenblatt
CarMax (KMX 75.92, -10.50, -12.15%): misses by $0.61, misses on revs
Vail Resorts (MTN 217.99, +7.70, +3.66%): beats by $0.18, beats on revs
Jefferies (JEF 30.20, +0.47, +1.58%): beats by $0.05, beats on revs
Amazon (AMZN 117.00, -1.01, -0.86%): announced pay increases for its U.S. front-line employees—a nearly $1 billion investment over the next year
PG&E (PCG 12.56, -0.16, -1.26%): files application with California Public Utilities Commission to separate its non-nuclear generation assets into stand-alone subsidiary; also reaffirms FY22 non-GAAP core earnings guidance
Bed Bath & Beyond (BBBY 6.20, -0.26, -4.0%): misses by $2.80, reports revs in-line; Net Sales declined 28%

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