Stock Talk October 22 NY Strategy [Western Digital announces earnings after NY close, a weekend gauge for Tokyo's fortunes]
Hello! This is Sakaguchi from Stock Talk.
New York stock market and the main watching points for the pre-market (futures trends that relate to both the 22nd and 23rd US and Japan markets)
US interest rates (US 10-year Treasuries, 30-year Treasuries, SOFR futures)
The French 10-year bond yield surged to 5.0514%, while US Treasuries are seeing safe-haven buying driven by stock declines.
If US long-term bond futures can stay in positive territory, they may help halt the decline in tech stocks in New York.
Semiconductor SOX Index
In the pre-market, semiconductor-related names are dropping sharply; pay attention to whether SOX breaks below the 5-day moving average and the previous day’s low.
The key will be whether it stops at the downside target of 11,128.08 (October 16 low) to 11,043.24 (October 20 low).
NASDAQ100 Futures