Stock futures are under bearish pressure as yield rises again

The stock market situation might continue moving under high volatility as the market focuses on rising yield also the release of earnings from companies. At the current time, we have strong earnings results which could bolster the stock market but yield that keeps rising could dampen the bullish sentiment.

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index extended the bullish movement and managed to close above the daily SMA 200. The index might continue trading near the averages while waiting for further bullish pressure. If the index could continue upward and print a new higher high then the bullish trend could continue. On the other hand, strong bearish movement from the current level might indicate bearish continuation.

FuboTV Inc (FUBO)

FUBO share prices have reclaimed the daily SMA 200 and each bearish attempt toward the averages has bullish reactions. At the current time, the share prices are trading near the averages and will wait for reactions. If the share prices could bounce upward with strong bullish reactions then we might see an attempt toward the horizontal resistance level.