Naughty Nas Had a Bad Day! Why?!
Shares of Goldman Sachs (GS), JPMorgan Chase (JPM) and other financial firms are advancing along with bond yields. The rate on the 10 year Treasury note is up 1.48%. If you did not know, those higher rates are pulling down shares of tech companies that benefit from lower borrowing costs. All the FAAMG stocks had experienced a red day due to this. When trading indicies always keep up with the fundamentals alongside your technicals. If you do not know what the 10yr Treasury Note is, I suggest googling it and get a better understanding of its fundamentals.
Trade closed: target reached
target acquired, possible move lower
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