Up Opening Reverses
The equity markets opened higher, but then reversed. Technology is holding up.
The mid-morning RSI readings from the CQG Custom QuoteBoard, using 15-minute bars for the equity derivative products are neutral each market: the E-mini S&P (EPZ6), NASDAQ 100 (ENQZ6), and the Dow (DJI) are flashing readings near the 50 level. The DJ Euro STOXX 50 (DSXZ6) is weaker with an RSI reading at 41.
The Q.NYSEVolRatio is indicating moderate buying in NYSE stocks. The reading for the Q.NASDAQVolRatio is a sign of good buying.
The ETZ6, ICE WTI Light Sweet Crude Oil for December, is showing a short-term down trend and is trading in a weak fashion.
The RSI for Gold (GCZ6) and the MACD action is indicating a neutral.
Yields are down in the Treasury market today.
The EUR/USD pair is up.
The chart of the S&P 500 and the NYSE volume ratio on a 15-minute basis is a reading of around 60% up-volume, which is moderately bullish.
However, the NASDAQ 100 and the NASDAQ volume ratio readings on a 15-minute basis are showing an up trend with the 70 % up-volume reading.