US equity indexes closed on a weak note, SPX -20pts (0.5%) at 4493. Nasdaq comp’ -0.2%. Dow -0.4%. The Transports settled -1.1%.
sp’60min
Summary
closing hour action: micro chop, and leaning weak to break a fractional new intraday low of 4492.07, as s/t momentum settled on the moderately negative side. The s/t setup once again favours the bulls.
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… and that concludes Thursday. It was a day of mixed, mostly weak leaning chop, and all things considered, the bulls should be content with things.
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notable bond ETF: TLT
US bonds catching a bid… perhaps on weaker EU bonds? Broadly, the $150s should hold as resistance.
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notable fin:BAC
Cyclically low, and due to break new hist’ highs with higher yields into the autumn. Unquestionably less problematic than sister WFC. I hold.
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notable energy: MRO
Marathon net higher… things turn interesting >12.00. I hold.
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Sunshine/showers… as yesterday was the last hot day of summer 2021. It can only get darker and colder from hereon. On that somewhat spooky note, have a good evening!
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more later on the VIX and Indexes by 6pm EST