US equity indexes closed on a weak note, SPX -25pts (0.6%) at 4462. Nasdaq comp’ -1.0%. Dow -0.05%. The Transports settled -0.5%. R2K -0.1%
sp’60min
Summary
closing hour action: leaning weak to break a new intraday low of 4456. S/t momentum turned negative.
–
… and that concludes a Tuesday. It was a choppy, if net bearish day.
I hold heavy short (from Friday, 4662). I want to ‘clear the decks’ by next Monday morning, preferably from 4335 or lower.
–
notable bond yield proxy: TNX
Yields poised to spike on the CPI.
If correct… equities will spiral.
–
notable bond ETF: TLT
Bonds moderately higher. Spurious gain.
–
notable stock: TFC
Truist is on my radar, as vulnerable to failing.
–
Here… a day of sunshine and showers.
I was tired… and with late afternoon grey skies, it was an excuse to stay in.
Have a good evening
–
more later on the VIX and Indexes by 6pm EST