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Sellers flood the markets - Daily Observations 17 February

Sellers flood the markets - Daily Observations 17 February
Photo by Kelly Sikkema / Unsplash

Sellers flood the market.

$DJI -1.78% | $NDX -2.96% | $RUT -2.46% | $SPX -2.12% | $VIX +15.73%

Market Performance

Sector Performance

  • 2 of 11 sectors finished green today.
  • Best sector:  Consumer Staples +0.77% and Utilities +0.06%
  • Laggard sector: Technology -2.99%.
  • VIX gains 15.73% to 28.11.
  • Crude oil /CL slid 0.61% to 93.09 from 93.66.
  • 10-year Treasury Yield slid 3.66% to 1.97 from 2.05.
  • 30-year Treasury Yield  slid 2.24% to 2.31 from 2.37.

SPY Snapshot

  • $SPY slid 2.14% to 437.06 from 446.60.
  • 8-day SMA at 445.88 | 21-day SMA at 444.54 |  30-day SMA 450.44 | 200-day SMA 444.62.
  • Relative strength index slid to 41.91 from 46.41.
  • Volume rose to 100.76M from 84.86M.

Week 7 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.