US equity indexes closed a little mixed, SPX +5pts (0.1%) at 3992. Nasdaq comp’ +0.4%. Dow -0.2%. The Transports settled +0.5%. R2K +0.05%.
sp’60min
Summary
closing hour action: further chop, with a mini ramp in the final 20mins. S/t momentum ticked upward, and prone to turning positive on Thursday.
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… and that concludes a Wednesday. With a new s/t low of 3969, it was a net bearish day. The s/t cyclical setup favours the bulls, and I continue to wonder if the Monday high will be briefly cleared… to cause maximum confusion!
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notable bond yield proxy: TNX
The US 10yr yield continues to churn around 4.00%. A spike to 5.00% is very much viable within April.
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notable bond ETF: TLT
Anyone buying bonds is out of their minds, as yields/rates have some way to go.
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notable eurotrash: CS
Another day closer.
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Here, it was a day of grey horror, temp was an outright cold 1c/34f, with occasional snow flurries.
Have a good evening
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more later on the VIX and Indexes by 6pm EST