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

Week 8 is met with sellers amid geopolitical uncertainties - Daily Observations 22 February
Photo by Artur Shamsutdinov / Unsplash

Week 8 is met with sellers amid geopolitical uncertainties.

$DJI -1.42% | $NDX -0.99% | $RUT -1.45% | $SPX -1.01% | $VIX +3.82%

  • 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:

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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.