US equity indexes closed on a positive note, SPX +23pts (0.6%) at 3959. Nasdaq comp’ +1.6%. Dow +0.2%. The Transports settled +0.9%. R2K +1.6%.
sp’60min
Summary
closing hour action: further minor chop, if leaning upward. Momentum ticked lower, settling marginally positive.
*awaiting earnings from TSLA, UAL, KMI, AA
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… and that concludes Wednesday. It was a day of considerable chop, if still mostly leaning on the positive side. The s/t setup does favour the bears, and it will be a Thursday. Still though… 4K is viable before the weekend, as is supported by the bigger daily/weekly charts.
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notable stock: COIN
Helped with Bitcoin printing the $24000s. Today’s higher vol’ is a distinct positive.
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notable bond ETF: TLT
Considerable chop. The June $107s remain a provisional m/t floor.
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notable bank: BAC
Struggling relative to the main market… but a break >50dma appears an eventuality.
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Have a good evening
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more later on the VIX and Indexes by 6pm EST