- equities are under broad-based pressure at midday, with all three major averages sitting near session lows as a fresh spike in oil prices and rising Treasury yields conspire to erase yesterday's modest gains
- The Dow Jones Industrial Average has shed 449.29 points (-0.84%) to 53,013.76, the Nasdaq Composite is off 232.59 points (-0.88%) to 26,119.53, and the S&P 500 is down 30.22 points (-0.39%) to 7,677.76
- The pullback follows President Trump's threat of "crippling" new economic sanctions against Iran, which has sent WTI crude surging as much as 2.4% intraday, undermining the relief that had come from Wednesday's Treasury buyback announcement
- Cautious.
- What's working: Continuation/2LYNCH is rich with 40 signals — healthy breadth beneath…
- equity futures are pointing to a lower open on Thursday, August 20,…
- The pullback follows a session of broad-based strength on Wednesday, when the…
- CDTG ($3.01): ATR multiple 1.68, 0 funds, undefined%
- BEZ ($11.40): ATR multiple -0.85, 1 funds, undefined%
- AMLX ($38.60): catalyst 1d ago, +63.8% gap, RVOL 2.7
- CCC ($7.44): catalyst 1d ago, +6.7% gap, RVOL 1.6
- ALNY ($242.61): +6.1%, RVOL 0.8, between
- FICO ($1161.59): +7.7%, RVOL 0.9, between
- equities closed modestly higher on Wednesday, August 19, in a session where…
- The S&P 500 added 16.22 points (+0.21%) to close at 7707.98, the…
- Cautious.
- What's working: 2LYNCH continuation fired 39 signals (MELI, FICO, TEM, ALNY), D9M…
- Equities are firmer at midday on August 19, with the S&P 500…
- The tape has stabilized after touching stronger levels near 11:05 ET, when…
- Cautious.
- What's working: the Continuation/2LYNCH scan is moderately rich with 10 signals (ULTA,…
