US equity indexes closed a little mixed, SPX -3pts (0.1%) at 4354. Nasdaq comp’ +0.2%. Dow -0.1%. The Transports settled -0.2%. R2K +0.2%
sp’60min
Summary
closing hour action: minor chop, leaning on the weaker side.
*awaiting earnings from ADBE, FDX, and a few lesser others.
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… and that concludes Tuesday. It was real mess of a day, and unquestionably… it was a distinctly weak rebound. Bears could be pleased to see broad chop, whilst s/t oversold conditions have been largely burnt off.
If the fed don’t placate the market tomorrow afternoon, we’ll likely be trading under the Monday low of 4305.
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notable bond ETF: TLT
Bonds a little lower, with higher yields ahead of the Fed. The $150s should broadly hold, as yields should climb into 2022.
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notable fin: BAC
Fins leaning upward with the main market. I hold
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notable stock: ATVI
Whilst Electronic Arts is a short/mid mess…. its still far better than the absolute civil war that is Activision-Blizzard.
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The last day of summer. Equinox is 3.20pm EST… tomorrow.
Have a good evening
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more later on the VIX and Indexes by 6pm EST