📈Energy and utilities sectors are leading the market, indicating a risk-on move.
⚡️Tech stocks like Apple and Tesla are underperforming, with Apple trading below the daily 200 SMA.
💸Regional banks and big banks are performing well, pushing up the iwm.
💰The dollar is going up, indicating a break in the correlation between the dollar and S&P 500.
📉The VIX is low and indicates a bullish market, with no significant pullback expected.
What sectors are leading the market?
—The energy and utilities sectors are leading the market, indicating a risk-on move.
Why are tech stocks underperforming?
—Tech stocks like Apple and Tesla are underperforming, with Apple trading below the daily 200 SMA.
Which banks are performing well?
—Regional banks and big banks like JPM, Bank of America, and Wells Fargo are performing well.
Why is the dollar going up?
—The dollar is going up, indicating a break in the correlation between the dollar and S&P 500.
What does the low VIX indicate?
—The low VIX indicates a bullish market, with no significant pullback expected.
00:07The stock market had a flat day with Dow Jones and NASDAQ down 0.12% and S&P flat.
01:15Energy and utilities sectors are leading the market, while communication services and technology are down.
02:52Tech stocks like Apple and Tesla are underperforming, with Apple trading below the daily 200 SMA.
03:25Regional banks and big banks like JPM, Bank of America, and Wells Fargo are performing well.
03:48The dollar is going up, indicating a break in the correlation between the dollar and S&P 500.
04:24The VIX is low and indicates a bullish market, with no significant pullback expected.
