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Energy sector takes the front seat amid bullish market - Daily Observations 17 March

Energy sector takes the front seat amid bullish market - Daily Observations 17 March
Photo by Matheus Frade / Unsplash

Energy sector takes the front seat at up market today

$DJI +1.23% | $NDX +1.16% | $RUT 1.69% | $SPX +1.23% | $VIX -3.75%

Market Performance

Sector Performance

  • 11 sectors finished green today.
  • Best sector:  Energy +3.44%.
  • Laggard sector: Utilities + 0.42%.
  • VIX -3.75% to 25.67 from 26.67.
  • Crude oil /CL +8.65% to 103.26 from 95.04.
  • 10-year Treasury Yield +0.18% to 2.19.
  • 30-year Treasury Yield +1.06% to 2.49.

SPY Snapshot

  • $SPY +1.25% to 441.o7 from 435.62.
  • 8-day SMA at 426.13 | 21-day SMA at 430.30 |  30-day SMA 435.41 | 200-day SMA 445.84.
  • Relative strength index up to 51.34 from 48.96.
  • Volume down to 101.97M from 144.95M.
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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.

Do your due diligence if or when placing a trade. All ideas stated here are my own and do not represent trading or investment advice.