US equity indexes closed a little mixed, SPX -2pts (0.05%) at 5851. Nasdaq comp’ +0.2%. Dow -0.02%. The Transports settled +0.4%. R2K -0.4%
sp’60min
Summary
closing hour action: micro chop, leaning upward. S/t momentum ticked upward, settling fractionally negative.
Awaiting earnings from $ENPH $BDN $STX $BKR $VLRS $TXN $CNI $ENVA $NBR $PFSI
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… and that concludes a Tuesday. It was a day of considerable chop… as the market is arguably just looking to enter a holding pattern ahead of the election. The s/t cyclical setup favours the bulls.
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notable bond yield proxy: TNX
The US 10yr printing a new s/t high of 4.216%
The real problems would occur >4.5%
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notable bond ETF: TLT
Higher yields > lower bonds.
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notable stock: JPM
One of the financial kings… moderately higher.
No rate cut Nov’6th would be a positive for the stock/sector.
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… around 12.15pm EDT. The UK/European clocks roll back an hour this Sunday… as today’s view will soon be 4.05pm. Have a good evening
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more later on the VIX and Indexes by 6pm EDT