Shares of Goldman Sachs (GS), JPMorgan Chase (JPM) and other financial firms are advancing along with bond yields. The rate on the 10 year Treasury note is up 1.48%. If you did not know, those higher rates are pulling down shares of tech companies that benefit from lower borrowing costs. All the FAAMG stocks had experienced a red day due to this. When trading indicies always keep up with the fundamentals alongside your technicals. If you do not know what the 10yr Treasury Note is, I suggest googling it and get a better understanding of its fundamentals.
Trade closed: target reached:
target acquired, possible move lower