US equity indexes closed rather mixed, SPX -1pt (0.02%) at 5841. Nasdaq comp’ +0.04%. Dow +0.4%. The Transports settled -1.4%. R2K -0.3%
sp’60min
Summary
closing hour action: leaning weak to break a new intraday low. S/t momentum ticked lower… settling fractionally negative.
Awaiting earnings from $NFLX $ISRG $WDFC $CCK $WAL $FNB $MRTN $MCB $PINE $OCFC
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… and that concludes a Thursday. Considerable chop… but with a new hist’ high, it has to be seen as a net bullish day. The s/t cyclical setup favours the bears, but even a pin around 5800 looks a stretch… if there is no ‘spooky news’ before the weekend.
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notable bond yield proxy: TNX
The US 10yr printing 4.10%
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notable bond ETF: TLT
Higher yields > lower bonds
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notable stock: BX
Blackstone higher on fine earnings.
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Have a good evening
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more later on the VIX and Indexes by 6pm EDT