10YR-3MO Yield Consolidation Bullish for Equities, Healthcare's Bullish Cross
Schwab Network · Schwab Network
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Show Notes
6,500 is the new level Kevin Green is watching when it comes to resistance in the SPX, though it will face headwinds on Thursday's session following a hotter-than-expected PPI print. He's watching two bullish signals developing in other pockets. One is in the 10YR-3MO yield spread, as Kevin notes its consolidation remains bullish for stocks. He later turns to technicals in the healthcare space as a bullish cross forms in the Health Care Select Sector SPDR ETF (XLV).
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