US equity indexes closed very mixed, SPX +1pt (0.03%) at 3853. Nasdaq comp’ +0.5%. Dow -0.04%. The Transports settled -1.7%.
sp’60min
Summary
closing hour action: micro chop, leaning fractionally lower. S/t momentum ticked lower, set to turn negative early Friday.
*awaiting earnings from INTC, IBM
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… and that concludes a choppy Thursday, although with a new hist’ high, it has to be seen as a day for the bulls. The s/t cyclical setup is similar to Jan’6/7. A tag of yellow gap is due, before resuming upward to the 3900s, as giant 4K itself looks due within March.
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notable stock: BBBY
S/t bullish hysteria. There was recent UOA, but I don’t like it.
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notable stock: UAL
A serious case of post earnings depression, but then.. earnings, or the outlook weren’t great.
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notable stock: X
Another difficult day for US Steel. Is the market worried about future trade deals with China?
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Here… it was yet another day of grey horror. Will I ever leave my apartment again? Have a good evening.
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more later on the VIX and Indexes by 6pm EST