US equity indexes mostly closed higher, SPX +42pts (0.9%) at 4713. Nasdaq comp’ +1.4%. Dow +0.5%. The Transports settled -0.2%. R2K +1.0%.
sp’60min
Summary
closing hour action: micro chop, if leaning upward to break a new intraday high. S/t momentum ticked upward, and is on the very high side.
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… and that concludes Tuesday. Early chop… but recovering to settle net higher. Bulls could argue 4582 is a key floor. Bears could argue s/t price structure is a bear flag. My guess is we’ll see another wave lower. Not long to find out!
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notable stock: CFVI
Well, today’s exit was a green one ($11.44>12.37). Now I just hope I can buy back lower. In theory, I should be able to, as the main market is s/t overbought.
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notable bond ETF: TLT
Bonds moderately higher… which is arguably pretty stupid ahead of the wild card of the CPI.
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notable bank: BAC
Banks leaning upward. Earnings due next Wed’ morning.
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Here it was another day of grey horror. Not sure I’ll ever go out again.
Have a good evening
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more later on the VIX and Indexes by 6pm EST