Haven't seen an Everything Rally like this in a longgg time
starting this week at the highs of last week for #NQ_F #ES_F. Seems like bullish sentiment might be building on the notion that stocks survived crypto wipeout and that is now another risk point removed.
probably want to watch the dollar #DX_F $DXY today for any sign a.m. Everything Trade doesn't hold up. It's been oscillating around 90, the low from Feb & a busy trading level. Related, yields in middle of 3-month range but right at top from 7yr auction spaz
odd that $TSLA's unch in this big growth rip to start the day. Momentum and growth surging. Wells Fargo out w/TSLA neutral rating and price target at $590. Pretty clear it's having some issues w/600
lots of strength in Qs here (purple) trying to get over last week's highs. Dollar, however, still has some room before taking out last week's lows.
I would probably wait to declare the stock market crypto-proof. The #bitcoin $btc chart is still very much downtrending and showing very little buying interest below 40k so far. The btc-stock relationship may have convexity that isn't clear until very deep wipeout.
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