US equity indexes closed a little mixed, SPX +1.9pts (0.05%) at 4138. Nasdaq comp’ +0.2%. Dow -0.2%. The Transports settled -0.8%. R2K -0.2%.
sp’60min
Summary
closing hour action: further micro chop. S/t momentum ticked lower, settling on the moderately high side.
*awaiting earnings from PYPL, PLTR, DVN, LCID, SKWS, WDC
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… and that concludes a day of micro chop. The 4160s appear probable Tuesday… for whatever excuse. Basic target in a subsequent cooling wave will be yellow gap.
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notable bond yield proxy: TNX
Yields higher for a second day… ahead of Wednesday’s CPI
Bond bears need >3.64%
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notable stock: PACW
Net gains… but that is a black candle, which is highly suggestive Tuesday will be red at some point.
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notable bank: BAC
A black candle has turned outright red.
M/t bearish, with natural target of 16/15s.
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Here… grey skies, an excuse to stay indoors.
Have a good evening
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more later on the VIX and Indexes by 6pm EST