US equity indexes closed on a positive note, sp +14pts (0.4%) at 3581. Nasdaq comp’ +0.9%. Dow +0.15%. The Transports settled +0.02%.
sp’60min
Summary
closing hour action: micro chop, leaning a touch higher. S/t momentum remains on the lower side, but is ticking back upward, and set to turn positive on Friday.
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… and that concludes a rather mixed Thursday. Early weakness to yellow gap… but a reversal, with a rather typical latter day recovery. The s/t cyclical setup favours the bulls for early Friday, but nothing significant/sustained can be expected ahead of OPEX.
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notable stock: TGT
Earnings (Wed’) were good, and today saw a wheel barrow of upgrades.. none of which I could disagree with. Arguably the best (in terms of net margins) large scale retailer in the world.
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notable stock: ZM
A good example of a stock building a floor. Monday’s $375s marks a pretty good reversal/floor.
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notable stock: CRSR
Another very strong day for Corsair.
I’m finally starting to adjust to the new mousemat.
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A fine end to the day. Have a good evening
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more later on the VIX and Indexes by 6pm EST