US equity indexes mostly closed on a weak note, SPX -23pts (0.5%) at 4365. Nasdaq comp’ -1.2%. Dow -0.3%. The Transports settled +0.02%. R2K -0.2%.
sp’60min
Summary
closing hour action: minor chop, if leaning weak. S/t momentum is flat-lining on the moderately negative side.
*awaiting earnings from KBH
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… and that concludes a Wednesday. A net bearish day, but it really doesn’t merit even mild hysteria, for what is mostly just weak leaning chop.
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notable bond yield proxy: TNX
Yields were initially higher, but cooled back into the late afternoon.
Its to be seen as a m/t chop-fest until >4.10%. Right now, that doesn’t look likely any time soon.
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notable banking ETF: KRE
The 7th day lower of 9. Momentum to turn negative at the Thursday open.
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notable fin: COIN
Considering Bitcoin printed $30k, Coinbase is distinctly lagging.
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Have a good evening
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more later on the VIX and Indexes by 6pm EST