As storm clouds gather over bond market, watch this level on the S&P 500

While you were sleeping, the yield on the 30-year Treasury yield briefly broke the 5% level earlier on Wednesday. Bond chaos, to be sure, is not through with this market yet.As the stock market goes along for a choppy ride, chartists are keeping close watch on an important level for the S&P 500, the subject of our call of the day.

The 200-DMA is considered a key indicator used by many chartists to determine long-term trends. After Tuesday’s selloff, the S&P 500 is still 21% above its October intraday low. The good news? “The percentage of stocks within the S&P 500 trading above their 50-day moving average is now below the 20% threshold considered oversold and sits at 15% currently,” he tells clients.

For more market updates plus actionable trade ideas for stocks, options and crypto, subscribe to MarketDiem by Investor’s Business Daily. Brooge Energy BROG, +2.58% is up 20% after the energy infrastructure provider got a buyout offer from Dubai-based maritime and shipping group Gulf Navigation. A tourist bus in Venice fell from an elevated road, killing 21 people and leaving many injured in a fiery crash.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

S&P 500 Earnings Yield Hits Highest Level Since Mid-May ’23Stocks Analysis by Brian Gilmartin covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Brian Gilmartin's latest article on Investing.com
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Q4 Kicks Off Amid Significant Risks: Is the Bull Market Already Over?Market Overview Analysis by Investing.com (Francesco Casarella) covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Investing.com (Francesco Casarella)'s latest article on Investing.com
Fuente: Investingcom - 🏆 450. / 53 Leer más »

S&P 500 Dips Out of Bull Market as 30-Year Rate Nears 5%: What's Next?Market Overview Analysis by Michael Kramer covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Michael Kramer's latest article on Investing.com
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock-market rout puts all eyes on 4,200 level for S&P 500The stock market selloff has the S&P 500 approaching a “cluster of support” on the charts, notes a top Wall Street technician.
Fuente: MarketWatch - 🏆 3. / 97 Leer más »