US equity indexes closed very significantly lower, SPX -79pts (1.6%) at 4982. Nasdaq comp’ -2.1%. Dow -0.8%. The Transports settled -2.7%. R2K -2.9%
sp’60min
Summary
closing hour action: leaning distinctly weak to 4910, with a sig’ bounce to 4982. S/t momentum continued to weaken, settling marginally positive.
Awaiting earnings from $CALM $MAMA $AEHR $KRUS $KRMN
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… and that concludes a Tuesday. A morning high of 5267, but seeing a powerful cooling wave… washing out the 5K stops. The daily candles lean net bearish for Wed’.
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notable bond yield proxy: TNX
Yields climbing for a second day, the US 10yr printing 4.275%
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notable bond ETF: TLT
Higher yields > lower bonds
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notable crypto: Bitcoin
Sig’ lower, if holding above the low.
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Looking toward the city. Have a good evening
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more later on the VIX and Indexes by 6pm EDT