US equity indexes closed on a positive note, SPX +21pts (0.5%) at 4246. Nasdaq comp’ +0.8%. Dow +0.2%. The Transports settled +0.2%.
sp’60min
Summary
closing hour action: a micro burst upward, just 2pts shy of last Tuesday’s historic high, before a little cooling. S/t momentum subtly ticked lower across the afternoon, settling on the very high side.
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… and that concludes Tuesday. It was a second day for the bulls, which gives some extra confidence of broader market upside into/across Q2 earnings in July/August.
Yours truly is trying to have the patience to sit back and hold long via…
BAC, F, AMD, MU, MOS, FCX, GOLD, NEM, AG, HL, KGC, OXY, SLB, MRO, RIG
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notable bond ETF: TLT
Lower bonds, as yields leaned upward.
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notable fin: BAC
Arguably the best of the financial giants. Bullish with higher yields.
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notable stock: NFLX
Netflix showing some strength, but broadly… this one m/t mess. Today’s candle is subtly spiky from the 50dma… within major gap resistance.
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Have a good evening
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more later on the VIX and Indexes by 6pm EST