Week 8 is met with sellers amid geopolitical uncertainties - Daily Observations 22 February

• S&P 500 in correction territory.
• Palo Alto Networks rose around 6% after earnings.
• All S&P500 sectors are red today.
• Ebay reports earnings tomorrow.

Market Performance

Sector Performance

• All 11 sectors finished red today.
• Best sector:  Utilities -0.11%
• Laggard sector: Consumer Discretionary -2.87%
• VIX gains 3.82% to 28.81 from 27.75.
• Crude oil /CL gains 1.32% to 92.27 from 91.07.
• 10-year Treasury Yield gains 0.83% to 1.95 from 1.93.
• 30-year Treasury Yield flat 0.09% to 2.25.

SPY Snapshot

• $SPY slid 1.07% to 429.57 from 434.23.
• 8-day SMA at 440.30 | 21-day SMA at 443.55 |  30-day SMA 448.10 | 200-day SMA 444.74.
• Relative strength index slid to 38.72 from 40.69.
• Volume slid to 122.15M from 132.45M.

Week 8 Earnings:

• 21 February: SSL | APA WMB
• 22 February: DNUT HD HSBC M | A PANW SPCE
• 23 February: IHRT JACK OSTK TAP | BIRD BKNG EBAY HTZ NTAP
• 24 February: AMT BABA DISCK DOCN KDP MRNA NKLA SIX W | COIN  CVNA ETSY INTU MNST OXY PING VMW ZS
• 25 February: FL NOG TREE

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.