Treasury 10-year notes advanced, while commodities and U.S. stocks retreated, after President Barack Obama held his ground about raising tax rates for the highest-income Americans. The dollar weakened. Yields on 10-year notes slipped two basis points to 1.60 percent at 4 p.m. in New York while the S&P GSCI gauge of commodities slid 0.9 percent as cocoa and silver led declines. The Standard & Poor’s 500 Index lost 0.2 percent to 1,407.05. The Dollar Index slipped 0.3 percent for a fifth straight decline, its longest slump in more than a year. The Stoxx Europe 600 Index (SXXP) of stocks closed less than 0.1 percent higher after rallying 0.4 percent earlier.
“Mad Money” host Jim Cramer discusses chart analysis with the DeMARK Indicators.