Closing Brief

US equity indexes mostly closed on a weak note, SPX -6pts (0.1%) at 4670. Nasdaq comp’ +0.05%. Dow -0.45%. The Transports settled -1.5%. R2K -0.4%.

sp’60min

Summary

closing hour action: choppy, but pushing upward to break a new intraday high, as s/t momentum has turned positive.

… and that concludes Monday. Whilst most of the declines were recovered, it was a still rough start to the week.

Yours truly was pleased to see further downside (4700 looked kinda bold last week), whilst Wednesday remains the threat of capitulation.


notable stock: DWAC

I saw a yahoo story that Trump’s Truth Social is pushing for a Feb’21st launch. The market is actually closed that day.

notable bond ETF: TLT

Bonds leaning upward, as yields cooled back.

notable bank: BAC

A new hist’ high, if settling net lower. Earnings due early Wed’ Jan’19th

Here… grey horror, and a fine excuse to stay inside. Have a good evening

more later on the VIX and Indexes by 6pm EST