SPY & QQQ intraday chart observations by rimshot Message Board

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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot

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ajtj99

To: rimshot who wrote (468)	3/11/2022 12:41:20 PM
From: rimshot	1 Recommendation of 1309

The S&P 500 continues to struggle with a 0.4% decline, as the inability to hold onto an early gain has reined in risk sentiment. The mega-caps are exerting key pressure. Apple (AAPL 155.05, -3.46, -2.2%), Tesla (TSLA 800.47, -37.83, -4.5%), and Meta Platforms (FB 188.59, -6.67, -3.4%) are down between 2-5%, even as long-term interest rates edge lower. The 10-yr yield is down three basis points to 1.98%. The under performance of the mega-caps suggests that investors are less interested in seeking shelter in equities and are more interested in preserving assets in cash and bonds. The defensive-oriented sectors are also trading lower, except for health care (+0.1%). 12:30 pm ET March 11 update by Briefing.com

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