Keyword Search: Rally
1 Article
Source: Common Domain

Treasury yields bounce off session lows as stock-market rally offsets Brexit jitters

Today 13:35 GMT

Treasury yields came off intraday lows on Tuesday after a rally in equities drew investors away from the perceived safety of U.S. government paper, offsetting geopolitical concerns around the overwhelming parliamentary defeat of U.K. Prime Minister Theresa May’s Brexit plan.

Jitters around a government shutdown are growing after the White House doubled their estimate of the hit on the U.S.’s annual economic output from the partial government closure.

1 Article
Source: Common Domain

Stock investors are bumping their heads on resistance above

Tuesday 12:40 GMT

Avi Gilburt is a widely followed Elliott Wave technical analyst and founder of ElliottWaveTrader.net, a live Trading Room featuring his intraday market analysis (including emini S&P 500, metals, oil, USD & VXX), interactive member-analyst forum, and detailed library of Elliott Wave education.

The question is if the market is going to top out in this [a] wave at 2,600 on the S&P 500 SPX, -0.50% or if we can push higher toward the 2,640 next level of resistance.

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte