US equity indexes mostly closed significantly higher, SPX +41pts (0.9%) at 4395. Nasdaq comp’ +1.0%. Dow +1.0%. The Transports settled -0.5%. R2K +1.5%
sp’60min
Summary
closing hour action: considerable chop. Bulls could argue s/t price structure is a baby bull flag, offering the 4430/40s tomorrow. S/t momentum ticked lower.
*awaiting earnings from BB and KBH
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… and that concludes a Fed day. All things considered, the bulls should be very content with things. I’d agree… the market is still s/t broken. With tomorrow being a Thursday, there is threat of renewed downside, as the 4305 low isn’t yet 100% secure.
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notable bond ETF: TLT
Bonds settled moderately higher, but still broadly stuck around the $150s since July, with the US 10yr around 1.30%.
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notable fin: BAC
Banks largely higher due to the main market. M/t bullish to psy’ $50.
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notable stock: AMZN
Amazon higher with the main market. I’d note the Monday spike from around the 200dma. Whilst its a broad chop fest, we did break a new hist’ high in July.
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Technically… today (from the UK) was the last sunset of summer 2021.
As of 3.20pm EST… its now the autumn. Have a good evening
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more later on the VIX and Indexes by 6pm EST