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MARKETS: YF Premium Investment Ideas: Virtu Financial (VIRT)

Yahoo Finance's Jared Blikre breaks down some of the features of the Yahoo Finance Premium package.

Video Transcript

ADAM SHAPIRO: Jared Blikre is watching market for us, and the index has tried to go positive, but not yet.

JARED BLIKRE: Yeah, we've got the S&P returning to session lows right about now, and we're seeing FAANG stocks just really weighing on the indices-- something that we've seen all week long. Besides tech, we got real estate and discretionary-- those are weak as well. Utilities in the forefront up the most, along with energy and financials. So looking at the YFi interactive, let's take a look at the five-day price action in the S&P 500.

And you can see-- really haven't given them back too much of the gains over the last five days-- still struggling to get out beyond this 3,230, 3,240 resistance area. Take a quick look at the 10-year T-Note yield-- and over the last two months, we've been in this channel here to the downside. And we're just continuing to trade in it. It looks like we have a little bit farther to go before we hit that bottom there-- maybe 54 to 56 basis points.

Let's turn now to our Yahoo Finance Premium Idea of the Day, and this is a long in Virtu financial, and this is based on a technical setup. This is a bottoming triangle, and it's a really big one, that we are just seeing right now. So here's a triangle, and it's just breaking to the upside right now. Might have a little bit of a pullback, so you're probably going to want to have a stop around $23, $24 down here. But the target-- target is very high. It's about 3,650-- creates a very nice risk-reward.