US equity indexes closed a little mixed, SPX +6pts (0.1%) at 4793. Nasdaq comp’ -0.1%. Dow +0.2%. The Transports settled +0.5%. R2K +0.1%.
sp’60min
Summary
closing hour action: micro chop, but leaning upward to break a new intraday high of 4804, as s/t momentum ticked upward.
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… and that concludes a sleepy Wednesday. A washout to 4720/4700 still appears a valid threat. Year end ‘issues’ – such as tax loss selling, might be one excuse that helps drag the main market lower.
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notable stock: VSCO
Victoria’s Secret powering upward on the $250M buyback, and helped as momentum has turned positive.
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notable bond ETF: TLT
Bonds sig’ lower, as yields are climbing, on raised yield/rate outlooks.
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notable bank: BAC
Banks churning with the main market. Somewhat lagging… despite yields. Q4 earnings – due mid Jan’, should be good. I hold… seeking psy’ $50.
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15/59f… a very mild winter’s day. Have a good evening
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more later on the VIX and Indexes by 6pm EST