Futures Trading Education

U.S. Equity Markets have resumed their decline, finishing the day lower led by the NASDAQ which fell 3.56%, while the VIX surged 34%, closing above both its 50 and 200 Day Moving Averages at a price of 28.57. Rising bond yields again forced an equity sell-off. Remember, this sparks fears that it will cost more for technology companies to borrow money to fuel their growth. This is why the tech-heavy Nasdaq Index led the selling. And yesterday, the yield on the 10-year Treasury rose above the dividend yield of the S&P 500, meaning that yield-focused investors could now turn away from stocks. In terms of economic data, Jobs data were positive. Jobless Claims fell sharply from the week prior, and the four-week moving average fell to 807,750. If this trend were to continue, it would be a positive trend for the job market and overall economic rebound. Vaccine news was also positive, with reports suggesting that the FDA could approve Johnson & Johnson’s vaccine as early as this weekend. European Markets declined on rising bond yields. But outside of yields, news was positive. The European Central Bank’s (“ECB”) Governing Council member Isabel Schnabel said the bank would tackle any major increases in interest rates. This indicates that borrowing costs will continue to remain low. Germany’s DIW Economic Institute said the country has better adapted to the recent slew of lockdowns and restrictions compared to early 2020. This may suggest that Germany’s economy has proven to be largely resilient through the pandemic. Germany’s Consumer Confidence for March beat estimates due to increased confidence in regard to individual income and spending. The EU increased its number of COVID-19 vaccinations administered to 28.9 million yesterday. The region’s daily average of administered doses last week was 801,600. Elsewhere, Oil closed 0.28% higher as lower-than-expected crude oil supplies from the U.S. continued to support markets, while Gold sold off sharply, closing 1.50% lower.

To mark my 2250th issue of TraderNoble Daily Commentary I am offering a special 2 year rate of Euro 2750 for my Platinum Service which includes 1 to 4 updated emails throughout the trading day To demonstrate this value, a monthly subscription over the same period would cost 4440 euro in total This offer represents a 38% discount and is open to both new and existing members. If anyone is interested in this offer can you please email me on bryan@tradernoble.com for details

For anyone following my Platinum Service it lost 10 points yesterday and is still ahead by 2647 points for February, having finished January with a gain of 2077 points, 2273 points in December, 2025 points in November, 2779 points in October, 3042 points in September, 2383 points in August, 3128 points in July, 2580 points in June, 2456 points in May, 4773 points in April, and an incredible 9264 points in March. Since I started this New Platinum Service in June 2015 it has averaged a monthly gain of over 1600 points

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