The pre-market is relatively quiet, with stock index futures trading above fair value. Initial jobless claims are expected at 8:30 AM, which could influence market sentiment. The 30-year bond closed higher, while bond yields declined, suggesting a risk-on environment as money flows into higher-risk bond markets. Major indices like the Dow, S&P 500, and Nasdaq 100 showed slight gains, with the Nasdaq nearing a key resistance level. Sectors like consumer discretionary, materials, and real estate performed well, while financials and energy showed weakness. Bitcoin returned to a buy signal, whereas Ethereum remained on a sell signal.
This content was originally posted on the Stock Market Timing YouTube Channel