Yesterday at a glance: after ending Friday at $80.84, iShares 1-3 Year Treasury Bond ETF went up to $81 only to drop back, yet still traded well overall and closed at $80.93 yesterday.
At the same time, United States NY Empire State Manufacturing Index (Oct) came out at -9.1, while a consensus of analysts was expecting -4.
IShares 1-3 Year Treasury Bond ETF made an initial breakout above its 5 day Simple Moving Average at $80.98, a potential indicator of a newly emerging bullish phase. On the other hand, note that although iShares 1-3 Year Treasury Bond ETF is appreciating today after rising as high as $81, price action is now slowing and consolidating around 9 cents below the $81 resistance level.
Overall, looking at the technical analysis landscape, it seems iShares 1-3 Year Treasury Bond ETF might continue pointing upwards in the short term.
IShares 1-3 Year Treasury Bond ETF shows positive signs, other assets are also on par: ARK Innovation ETF went up by 7.03% yesterday, and closed at $36.38. Amazon is trading around $113.79 after ending yesterday's session at $106.9 (up 6.45% today).
In the meantime, iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% yesterday and closed at $25.36.
Furthermore, the market is looking at tomorrow at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1.55 million from the preceding figure of 9.88 million.
The market is looking forward to the release of new data: United States Building Permits (Sep) is scheduled for tomorrow at 12:30 UTC.
IShares 1-3 Year Treasury Bond ETF has shed 1.93% over the past three months.