US equity indexes closed broadly higher, SPX +50pts (1.3%) at 3969. Nasdaq comp’ +1.8%. Dow +0.8%. The Transports settled +1.8%. R2K +1.2%.
sp’60min
Summary
closing hour action: a new intraday high of 3970, as teal gap has been formally tagged. S/t momentum ticked upward, settling on the moderately high side.
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… and that concludes Wednesday. It was a day for the bulls, which was rather impressive, ahead of the uncertainty of a CPI print. The s/t cyclical setup favours the bears, but Mr Market will first likely want to wash out the 4K short-stops.
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notable stock: COIN
A day of considerable chop. Lagging the main market, but that is after two days of rather strong gains. S/t bullish, but this is m/t horror.
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notable bond ETF: TLT
Higher bonds… as yields cooled back ahead of CPI.
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notable stock: BAC
Mostly just higher with the main market. Earnings due Friday.
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Here, it was a day of grey and rainy horror. A stormy night is ahead.
Have a good evening
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more later on the VIX and Indexes by 6pm EST