US equity indexes closed on a positive note, SPX +40pts (0.7%) at 6066. Nasdaq comp’ +1.0%. Dow +0.4%. The Transports settled +1.0%. R2K +0.4%
sp’60min
Summary
closing hour action: micro chop, leaning a touch lower. s/t momentum settled fractionally positive.
*awaiting earnings from $ALAB $FLNC $VRTX $ACLS $MEDP $AMKR $LSCC $MITK $INSP $ARWR
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… and that concludes a Monday. The s/t cyclical setup favours the bears. I’m still looking for red gap, which looks viable with CPI/Powell-Wednesday.
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notable bond yield proxy: TNX
A pretty subdued day in bond land, with the US 10yr yield churning around 4.5%… ahead of Powell-Tuesday.
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notable bond ETF: TLT
Same as for yields.
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notable crypto: Bitcoin
S/t vulnerable with the main market.
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Here… a day of grey, rainy, cold… horror. A fine excuse to stay indoors.
Have a good evening
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more later on the VIX and Indexes by 6pm EST