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Daily Observations 19 January - SPX broke long term support

Back to back red across the board. $DJI -0.96% | $SPX -0.97% | $RUT -1.60% | $NDX -1.07% | $VIX +4.52%
Daily Observations 19 January - SPX broke long term support
Photo by Wolfgang Hasselmann / Unsplash

Back to back red across the board

$DJI -0.96% | $SPX -0.97% | $RUT -1.60% | $NDX -1.07% | $VIX +4.52%

Market Performance

Sector Performance

  • 2 of 11 sectors finished green today.
  • Best sector: Consumer Staples up 0.63% to 76.40.
  • Laggard sector: Consumer Discretionary slid 1.80%% to 189.32.
  • VIX gains 4.65% to 23.86 from 22.79.
  • Crude oil /CL adds 1.42% to 86.63 from 86.50.
  • TNX slid 2.04% to 18.27 from 18.65.
  • TYX slid 2.11% to 21.38 from 21.84.

SPY Snapshot

SPY Daily Chart
  • $SPY slid 1.02% to 451.82 from 456.49.
  • 10-day EMA at 463 | 20-day EMA at 466.01 |  180-day SMA 466.24.
  • Relative strength index slid to 26.17 from 30.53.
  • Volume slid to 103.06M from 109.55M.

Week 3 Earnings

Disclaimer: I am not a professional investment adviser and my opinions are based on my own technical analysis.  Please consult an investment professional before making investment decisions.