US equity indexes closed very mixed, SPX -43pts (0.9%) at 4967. Nasdaq comp’ -2.0%. Dow +0.6%. The Transports settled +0.9%. R2K +0.2%.
sp’60min
Summary
closing hour action: a new cycle low of 4953, which wasn’t far from the overnight low of the 4920s. S/t momentum settled on moderately low side.
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… and that concludes the week. More later…
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notable bond yield proxy: TNX
Yields cooling back.
Bond bears could argue structure is a bull flag in yields.
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notable bond ETF: TLT
Lower yields > higher bonds.
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notable stock: AXP
Earnings were good.
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Have a good evening
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more later on the VIX and Indexes by 6pm EDT