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
Mark L. Newton, CMT AC
Head of Technical Strategy
Tue, January 9, 2024 | 12:42PM ET
Just post Europe's close we've seen Equities start to claw back from early losses, Nasdaq has just taken out yesterday's highs while S&P is down just fractionally, as March S&P Futures have gained about 20 points from intra-day lows Yields have trended down slightly in the last 30 min and both Technology and Healthcare are positive on the day- But yet still 1%+ losses out of Energy and Materials, and 9 of 11 sectors are still down on the session. US Dollar is fractionally positive, Crude is up along with sharp gains in Natural Gas- Most metals, both precious and base metals are lower- 4764 will be important for SPX and above should allow for a quick move back up into 4793 and over- Today's leaders as of mid-day areJNPR-0.22% ,ILMN-3.09% CTLTRVTY-2.11% MTCH-2.16% while on the downside,HPE-2.76% ,ES-0.02% CAH-0.25% CHTR-0.55% andMRNA4.80% - Ability to regain yesterday's highs in SPX, DJIA and NASDAQ should be beneficial towards further gains into the close
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Markets
Nasdaq Composite
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19524
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-2.20%
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S&P 500 INDEX
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6001.9
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-1.67%
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10Y Treasury Yield
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4.42
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-1.78%
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Last updated: 2025-02-21 16:50:01