A.M. Look 3/16/21

Nasd 100 is back @ its 50 DMA and the top of the cloud on the 200X3.

This simply says that buying early strength will be problematic.

The rotation back into tech and out of Dow,Russell and Spoo, matches up with the 200 WMA in 30 Yr. yield.

We spent time speaking with Yra yesterday about the rally in the long end, more than likely nothing more than position squaring, before tomorrow’s Fed decision.

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