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Investors turn to staples such as Pepsi, Coca-Cola, Colgate amid inflation and imminent invasion - Daily Observations 18 February

Investors turn to staples such as Pepsi, Coca-Cola, Colgate amid inflation and imminent invasion - Daily Observations 18 February
Photo by Ja San Miguel / Unsplash

Investors turn to staples such as Pepsi, Coca-cola, Colgate amid inflation and imminent invasion

$DJI -0.68% | $NDX -1.14% | $RUT -0.92% | $SPX -0.72% | $VIX -1.28%

  • US markets will be closed on Monday for Washington's birthday
  • Only Consumer Staples sector finished green today.
  • Nasdaq, S&P500, and Dow Jones Industrial average down for two straight weeks.

Market Performance

Sector Performance

  • Only 1 of 11 sectors finished green today.
  • Best sector:  Consumer Staples +0.18%.
  • Laggard sector: Technology -1.01%.
  • VIX slid 1.28% to 27.75 from 28.11.
  • Crude oil /CL slid 0.08% to 91.68 from 91.76.
  • 10-year Treasury Yield slid 2.03% to 1.93. from 1.97.
  • 30-year Treasury Yield  slid 2.64% to 2.25 from 2.31.

SPY Snapshot

  • $SPY slid 0.65% to 434.23 from 437.06.
  • 8-day SMA at 443.79 | 21-day SMA at 443.95 |  30-day SMA 449.32 | 200-day SMA 444.70.
  • Relative strength index slid to 40.69 from 41.91.
  • Volume slid to 115.10M from 153.06.

Week 8 Earnings:

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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.