US equity indexes closed a little mixed, SPX +1.8pts (0.04%) at 4783. Nasdaq comp’ -0.03%. Dow +0.14%. The Transports settled -0.15%. R2K -0.4%
sp’60min
Summary
closing hour action: micro chop, leaning a touch weak. S/t momentum ticked lower to settle fractionally negative.
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… and that concludes a Thursday. With a new cycle high, it was a net bullish day. The s/t cyclical setup is a little conflicted. Friday will likely be subdued, with considerable chop.
Yours truly will be curious to see how Gold trades overnight, and into the last trading day of 2023. If my position is moderately profitable, I’ll drop it, and simply look to re-long next Tuesday.
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notable bond yield proxy: TNX
Yields sig’ higher, but one up day doesn’t break the downward trend from 4.99%
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notable bond ETF: TLT
Higher yields > lower bonds.
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notable banking ETF: KRE
Its mostly just been two weeks of chop.
I have to expect some more of those regional banks to go down in flames.
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Here, a breezy day, sunshine/showers, with sunset a long six hours ago.
Have a good evening
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more later on the VIX and Indexes by 6pm EST