US equity indexes mostly closed on a weak note, SPX -44pts (0.8%) at 5815. Nasdaq comp’ -1.0%. Dow -0.7%. The Transports settled -0.6%. R2K +0.1%
sp’60min
Summary
closing hour action: new cycle low of 5804, with a micro bounce. S/t momentum settled on the very low side.
*awaiting earnings from $UAL $IBKR $JBHT $SGH $PNFP $HWC $EPAC $EQBK $OMC $FULT
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… and that concludes a Tuesday. The s/t cyclical setup favours the bulls… if only early Wed’.
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notable bond yield proxy: TNX
The US 10yr printing 4.036%, back under key price threshold.
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notable bond ETF: TLT
Lower yields > higher bonds.
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notable stock: GS
A new hist’ high, but the sellers appeared.
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notable bank: BAC
Earnings were fine. Black candle.
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A day of mostly grey horror. Have a good evening
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more later on the VIX and Indexes by 6pm EDT