US equity indexes closed on a positive note, SPX +1pt (0.04%) at 3801. Nasdaq comp’ +0.3%. Dow +0.2%. The Transports settled +1.4%.
sp’60min
Summary
closing hour action: micro chop, leaning fractionally higher, as s/t momentum continued to tick upward.
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… and that concludes Tuesday. It was a rather sleepy day… but certain sectors – such as Fins and Ener’, are just doing their own thing. Whilst the s/t cyclical setup favours the bulls, a tag or full fill of orange gap is probable, before a better chance of sustained upside to further new historic highs.
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notable stock: INTC
Sig’ gains for Intel, but today’s CES keynote from AMD’s Lisa Su is a powerful reminder that AMD is leading the sector. Further, Intel’s $10bn buyback is just a sign its management lacks any decent ideas.
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notable stock: AMD
Sig’ declines… but that is from yesterday new historic highs. Wedbush 100>110.
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notable stock: TGT
Target still m/t super strong, pushing for psy’200. Arguably the best large scale retailer in the world.
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… and that was as close to sunshine as it came today.
Have a good evening.
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more later on the VIX and Indexes by 6pm EST