Stocks were pretty flat yesterday, and we were in a boring sideways session. There is little to say besides that the index is hitting resistance around the 78% retracement level and the 5,198 gap has been filled.
High-yield spreads also increased yesterday, and those spreads can trade with some of these shorter-dated IV levels. So if we continue to see IV rise, I would think there is a good chance that spreads will widen some more as well.yesterday, and they were better on the top and bottom but missed on the full-year revenue guidance, coming in a range of $3.8 billion to $4.1 billion, or $3.95 billion at the mid-point; estimates were for $4.01 billion.
Technically, a break of the uptrend that started in April could result in the stock falling further, filling a gap created in February over time.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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