Market Update

Theme for Today is plenty of Red,in Stocks ,bonds and Dollar.FANG and related stocks leading Nasdaq  and SPX lower as the Information Tech sector -1.72% weighs heavily on the latter.  With OIL +2% the SPX energy sector +.8%. JGB ‘s down=Bunds and Gilts=Treasuries lower.Worries  That BOJ may alter their Yield curve control  has some traders worried about tonight’s decision,Bank Of England Likely to raise rates Thursday,and FED on Wednesday which may lean hawkish doesn’t leave much room for Bonds to trade higher even though  NDX -1.2% and Morgan Fang index -2.7%

Something has to give with Dollar index(DXY), Sideways has been trend but near record amount of Net longs leads me to believe that next move is lower and could be quite aggressive as stops are triggered.

dollarino

 

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