US equity indexes closed mixed, SPX +37pts (0.6%) at 6086. Nasdaq comp’ +1.3%. Dow +0.3%. The Transports settled -0.6%. R2K -0.7%
sp’60min
Summary
closing hour action: micro chop, leaning a touch weak. S/t momentum ticked lower, settling fractionally positive.
Awaiting earnings from $KMI $AA $DFS $RLI $EQBK $STLD $SLG $CADE $HBNC $CATY
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… and that concludes a Wednesday. With a new hist’ high of 6100, it was most certainly a net bullish day. The s/t cyclical setup favours the bears, but that has been the case for some days.
Yours truly is patiently holding CLF, OXY, INTC.
I’ll look to buy back SMR… if 22/21s.
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notable bond yield proxy: TNX
The US 10yr yield bouncing to 4.617%
Wake me up when >5.00%.
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notable bond ETF: TLT
Higher yields > lower bonds.
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notable crypto: Bitcoin
Leaning weak, but holding above giant psy’ $100
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Here… just another day of cold… grey horror.
I envy those along the Gulf of (America?) coast who have snow.
Have a good evening
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more later on the VIX and Indexes by 6pm EST