After a steep and rapid downtrend, shares of Advanced Micro Devices, Inc. (NYSE: AMD) have reached a critical support level. If it breaks, the shares could continue to trend lower. But if the support holds, meaning that the stock doesn’t trade below it, there could be a rebound.
June 10, 1:11 PM
Things may be about to get even worse in the bond market. As you can see on the following chart, the iShares 7-10 Year Treasury Bond ETF (NASDAQ: IEF), which tracks the price of U.S. Treasury bonds, appears to be breaking support around the important $101 level.
June 10, 11:34 AM
Shares of Apple Inc. (NASDAQ: AAPL) have dropped to the important $138 level. This level has been support in the past and it may become so once again. That means there’s a chance the current selloff pauses or even ends.