- equities sold off sharply on Wednesday, September 23, as surging Treasury yields and rising crude oil prices unwound much of the mega-cap and semiconductor-led momentum that had carried markets earlier in the week
- The S&P 500 fell 58.61 points (-0.75%) to 7,706.03, the Nasdaq Composite dropped 308.24 points (-1.13%) to 26,957.08, and the Dow Jones Industrial Average lost 352.10 points (-0.68%) to close at 51,511.59
- Weakness was broad-based, with the Russell 2000 down a sharper 1.8% while the S&P Mid Cap 400 held up relatively better, off 0.6%
- Correction.
- What's working today: Continuation (2LYNCH) fired 5 signals, D9M: 1 (FSLY), Reversal…
- Equities are broadly lower at midday on Wednesday, September 23, as a…
- The S&P 500 trades at 7721.35, down 43.29 points (-0.56%), the Dow…
- Cautious Bearish.
- What's working: the Continuation/2LYNCH scan is thin with just 5 signals —…
- equity futures point to a modestly lower open on Wednesday, September 23,…
- This follows a mixed session Tuesday in which the Dow Jones Industrial…
- CBRS ($212.41): ATR multiple 0.80, 0 funds, undefined%
- CRDO ($192.56): ATR multiple -1.23, 0 funds, undefined%
- AMAT ($472.46): catalyst 1d ago, +4.4% gap, RVOL 0.9
- AMD ($623.77): catalyst 1d ago, +9.9% gap, RVOL 1.4
- BLLN ($116.07): +11.8%, RVOL 1.8, between
- CLOV ($4.67): +2.9%, RVOL 1.1, between
- Bearish.
- Continuation signals were present with 2LYNCH: 5, D9M: 5, Reversal: 0.
- Equities traded in a mixed, low-conviction fashion into the midday session on…
- As of 12:05 ET, the Nasdaq stood at 27,209.46, up 66.32 points…
