US equity indexes closed on a weak note, SPX -26pts (0.4%) at 6117. Nasdaq comp’ -0.5%. Dow -1.0%. The Transports settled -0.5%. R2K -0.9%
sp’60min
Summary
closing hour action: minor chop, if leaning upward. S/t momentum settled on the marginally negative side.
Awaiting earnings from $MELI $RIVN $XYZ $NEM $INOD $BKNG $TXRH $GH $FIVN $DBX $CELH
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… and that concludes a Thursday… which was not surprisingly red. The s/t cyclical setup favours the bulls, but I’d not expect much beyond 6100 tomorrow.
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notable bond yield proxy: TNX
The US 10yr yield cooling to 4.492%
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notable bond ETF: TLT
Lower yields > higher bonds.
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notable crypto: Bitcoin
Momentum has turned positive, with a push toward psy’ $100K
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Here… it was a day of grey rainy horror.
Have a good evening
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more later on the VIX and Indexes by 6pm EST