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Bonds And Options Liked The COVID Pill News

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  • When stock traders talk about bonds it’s often a sign of trouble in the markets. And last week’s bond selloff and recovery is a perfect example.
  • Ryder System is one of those companies that often flies under the radar in the stock market.
  • The S&P 500 also closed the week below its 20- and 50-day moving averages while also bouncing off an oversold level on RSI.

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MicroStockHub/iStock via Getty Images

By Joe Duarte

Specifically, both the Nasdaq 100 (NDX) and the S&P 500 (SPX) bounced off of oversold readings. But, at this point all we can do is wait.

Sure enough, the bottom was falling out

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