US equity indexes closed on a positive note, SPX +32pts (0.5%) at 6118. Nasdaq comp’ +0.2%. Dow +0.9%. The Transports settled +0.5%. R2K +0.4%
sp’60min
Summary
closing hour action: micro chop, but still leaning upward to break a new hist’ high of 6118. S/t momentum has started to tick back upward, settling marginally negative.
Awaiting earnings from $TXN $ISRG $CSX $SRCE $BFST $FFBC $MCB $SBFG $EWBC $ASB
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… and that concludes a Thursday. With a new hist’ high of 6104, it was a day for the bulls. The s/t cyclical setup favours the bulls.
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notable bond yield proxy: TNX
The US 10yr printing a high of 4.664%
Whilst Trump is calling for lower interest rates across the world, I don’t think we’ll see any more cuts… at least within first half.
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notable bond ETF: TLT
Higher yields > lower bonds
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notable crypto: Bitcoin
Very choppy, if holding above psy’ $100K
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… 3.15pm GMT. Have a good evening
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more later on the VIX and Indexes by 6pm EST