Yields crisis

Outlook 09/02: Stock futures are little changed as U.S. 10-year yield hits highest level in more than two years. The benchmark U.S. 10-year Treasury note yield hit a high of 4.814% on the day, a level not seen since November 2023. Yields in the U.K., Germany and France also rose. In Japan, the 10-year government yield traded around multi-decade highs. Higher yields are proving to be the stock market’s kryptonite so unless yields return to their previous numbers, we could see a major sell off until next FOMC meeting.

ESU26 (Sep2026): YVAH 7661 YPOC 7645 YVAL 7633 GAP 7645 IVR 74

/ES Plan: Yesterday market closed bearish (PBT 7582), but overnight looks balanced, moving within value, so these're the opening and initial balance options for current session:

A) If market moves above HVE 7650 with bullish internal/delta, buy towards ONH-YVAH 7661 and GAPs 7702-7721 magnets.

B) If market moves below HVE 7650 with bearish internal/delta, sell towards YVAL 7633 ONL 7618 and PBT 7582 magnet.

Note: Market opens inside value. Don't be 'too anxious'. Stay patient. You don’t have to be the first. Bad trades occur when you try to force things to happen. Keep in mind when gamma flips negative, below zero, those same hedging flows reverse, adding selling pressure during declines. 

Market Movers

10:00 Factory Orders

10:00 Durable Goods 

10:30 Crude Oil Inventories

14:00 Fed Beige Book

 

Follow news and listen to order flow at FinancialJuice.

Follow Twitter updates using TweetDeck old version.

Questions via private twitter direct message (RTH)