US equity indexes closed moderately higher, sp +27pts (0.8%) at 3446. Nasdaq comp’ +0.5%. Dow +0.4%. The Transports settled +0.6%.
sp’60min
Summary
closing hour action: micro chop, but managing to break a new intraday high, which is a little impressive, as s/t momentum continued to weaken.
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… and that concludes Thursday. It was a second day for the bulls, with even energy stocks joining the party.
First… sorry for the late 3pm post, as my webhost dropped offline. I’ve no idea whether it was the Russian or Chinese haxxors, or just a sporadic server ‘issue’. I’ll feel less bad about it, the next time that Twitter or Facebook drop offline.
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notable Dow component: AMGN
Bad drug study results. Momentum turning negative.
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notable stock: XOM
Very powerful gains, and it cements a s/t floor… momentum turns positive.
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notable mining ETF: GDX
Sig’ gains for the gold miners, but I don’t trust them. I’d accept daily momentum is prone to turning positive.
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Have a good evening
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more later on the VIX and Indexes by 6pm EST