US equity indexes closed on a positive note, SPX +63pts (1.1%) at 5930. Nasdaq comp’ +1.0%. Dow +1.2%. The Transports settled +0.2%. R2K +1.0%
sp’60min
Summary
closing hour action: choppy, if leaning weak. S/t momentum settled on the moderately high side, offering a provisional cyclical rollover.
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… and that concludes the week. Despite a positive end to the week, it was a net bearish week. The s/t cyclical setup leans to the bears, although they could briefly tolerate up to around 6000, but it’d keep open a possible H/S structure.
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notable bond yield proxy: TNX
The US 10yr yield cooling to 4.484%
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notable bond ETF: TLT
Lower yields > higher bonds.
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notable crypto: Bitcoin
Bouncing from $92k.. but having broken the most recent low of $94K, its to be seen as s/t broken.
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notable stock: MSTR
I’d merely argue ‘good luck… to those following Mr Saylor’
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Here… it was renewed grey horror… ahead of Saturday’s winter solstice.
Have a good evening
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more later on the VIX and Indexes by 6pm EST