US equity indexes closed on a positive note, SPX +27pts (0.5%) at 5842. Nasdaq comp’ +0.3%. Dow +0.8%. The Transports settled +1.9%. R2K +1.6%
sp’60min
Summary
closing hour action: micro chop, leaning a touch weak. S/t momentum ticked upward, but remains marginally negative.
Awaiting earnings from $AA $REXR $KMI $PPG $CSX $STLD $FR $HOMB $DFS $EFX
–
… and that concludes a Wednesday. It was a net bullish day, esp’ for the two leaders – Trans/R2K. The s/t cyclical setup favours the bulls for Thursday.
–
notable bond yield proxy: TNX
The US 10yr yield cooling to 3.995%
–
notable bond ETF: TLT
Lower yields > higher bonds.
–
notable stock: MS
New hist’ high, as earnings were unquestionably good.
–

Have a good evening
–
more later on the VIX and Indexes by 6pm EDT



