US 10Y yield control low holds well with lesser impact on stocks
Hi everyone, I note that the US 10Y yield is having lesser impact on stocks! That's something I'm hoping for a couple of days ago.
though, from the daily chart, the control low holds well with a high possibility of forming another higher high. I don't know if market becomes volatile again with yield reaching new highs, say 1.8%.
Hopefully, not!
I'm counting the days of shifting the focus back on corporate earnings. That's the key in the near future! Disappointed earning reports will trigger another sell-off with no doubt, especially for tech companies.
Better results give people better imagination.
though, from the daily chart, the control low holds well with a high possibility of forming another higher high. I don't know if market becomes volatile again with yield reaching new highs, say 1.8%.
Hopefully, not!
I'm counting the days of shifting the focus back on corporate earnings. That's the key in the near future! Disappointed earning reports will trigger another sell-off with no doubt, especially for tech companies.
Better results give people better imagination.
Comment:
Control low works and it may consolidate for a while before heading up again.
Comment:
Now, another higher high is pending formation. Trend continues.
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