Positive Start to the Morning, but Tech is Lagging
The equity markets are trading up, but technology is not leading, so the rally is suspect.
The mid-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products indicate some buying. The E-mini S&P (EPZ6), the NASDAQ 100 (ENQZ6), the DJ Euro STOXX 50 (DSXZ6) are moderately positive, while the Dow (DJI) is neutral.
Both the Q.NYSEVolRatio and the Q.NASDAQVolRatio are neutral.
The ETF7, ICE WTI Light Sweet Crude Oil for January, is trending higher.
The RSI for Gold (GCZ6) and the MACD action is neutral.
Yields are up in the Treasury market today.
The EUR/USD pair is up again.
The chart of the S&P 500 and the NYSE volume ratio on a 15-minute basis is indicating moderate buying with the up-volume coming in at a 55% reading.
However, the NASDAQ 100 and the NASDAQ volume ratio readings on a 15-minute basis are below 50%, which means that the down-volume has the edge for the moment.