NASDAQ 100 traders were somewhat stabilizing during the trading session on Friday as we saw a hammer form heading into the “quad witching” hour.
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The euro continues to go back and forth overall, as we are hanging around at the 1.19 level.
We have turned around to form a rather bullish candle by the end of the day, so at this point I think we are going to continue to see quite a bit of resiliency.
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At this point, we are trying to figure out whether or not we are going to go sideways or breakdown.
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The West Texas Intermediate Crude Oil market lost almost 10% during the trading session on Thursday to slice through the $60 level.
The DAX gapped higher to kick off the trading session on Thursday and then shot straight up in the air.
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The US dollar initially fell again against the Canadian dollar, but after oil started to fall, we saw a complete reversal and what is almost certainly a candlestick that will catch a lot of attention.
The NASDAQ 100 got hammered on Thursday as bond yields in America spiked quite drastically.
The S&P 500 initially tried to rally during the trading session on Thursday, but as yields continue to play havoc with the stock market, we have seen a complete reversal.
The euro has seen a lot of selling pressure come in during the day on Thursday as the US bond market continues to sell off, driving yields much higher.
The Australian dollar shot higher initially during the trading session on Thursday but gave back the gains as bond yields in America continue to spike.
Gold markets have been at the mercy of the bond market for some time now, and it now looks like more of the hijinks over there is starting to affect the market over here.