Mega Caps Lead Lower As Crude And Rates Move Higher

After posting 1-day overbought internals, the major averages are lower across the board, featuring weak performance from Mega Caps and Semiconductors. The Tech-heavy Nasdaq’s weakness was foreshadowed yesterday by notably weaker 3C charts. WTI crude oil futures trade higher, breaking out above resistance at $92, sending Treasury yields higher as optimism around a potential ceasefire…