US equity indexes closed moderately higher, SPX +10pts (0.3%) at 3702. Nasdaq comp’ +0.5%. Dow +0.3%. The Transports settled +0.4%.
sp’60min
Summary
closing hour action: micro chop, leaning a touch weak, as s/t momentum settled fractionally negative.
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… and that concludes a pretty standard turnaround Tuesday. With a new hist’ high, it was a day for the equity bulls. Having seen the 3700s, now its merely a case of whether Tom Lee’s 3800 target is hit… with sixteen trading days left of the year. Probably… right?
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notable stock: AMD
Yesterday’s black candle played out. Whether that was partly due to the pretty lousy reviews for the 6900XT… difficult to say. As a tech… the 6900XT is a lousy graphics card, both in price and relative performance to Nvidia.
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notable stock: SLB
Schlumberger was higher with the sector. Soft target is resistance of 28/39s, beyond that… 38/39s.
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notable stock: UAL
Whilst the stock is somewhat stuck around the June high… it has been decisively passed AND settled above a few times. The door is open to next major resistance of the $70s.
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A fine… if cold (3c/37f) end to the day. Have a good evening.
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more later on the VIX and Indexes by 6pm EST