Turn Around Tuesday! Midday Market Minute | 4.05.22

Posted: April 5, 2022, 12:55 p.m.

Turnaround Tuesday! S&P and Nasdaq both closed on their highs yesterday, only to reverse sharply today. Fed Vice Chair Lael Brainard's hawkish comments combined with the EU's ban on Russian Oil, Coal & Natural Gas got the ball rolling after a light volume day yesterday (lowest of the year for $spy, $qqq, ES Futures, NQ Futures).


May 22' Crude Oil touched the 21 Day Moving Average overnight. Mar 31 Daily Volume (sharp move from $108 to under $100) was the largest volume day for the contract, giving us a headwind to the upside. Gold and Silver are lagging due to a large down day in the Bonds cobined with a higher US Dollar. It's important for Gold to hold $1920, in order to remain in an uptrend. CME is launching a Micro Copper Contract! Contact us to discuss how it can add exposure to your portfolio! 312-278-0500

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