US equity indexes closed very significantly higher, SPX +129pts (2.5%) at 5287. Nasdaq comp’ +2.7%. Dow +2.7%. The Transports settled +1.5%. R2K +2.6%
sp’60min
Summary
closing hour action: minor chop, leaning a touch higher. S/t momentum settled on the moderately high side.
Awaiting earnings from $TSLA $ISRG $ENPH $SAP $COF $STLD $BKR $RRC $WFRD $ZWS
–
… and that concludes a Tuesday. It was a bullish day, as most of Monday’s declines were reversed. The s/t cyclical setup favours the bears, but the bigger weekly cycles favour the bulls into May… perhaps stretching into June.
–
notable bond yield proxy: TNX
The US 10yr yield a little lower.
–
notable bond ETF: TLT
Lower yields > higher bonds.
M/t bearish bonds
–
notable crypto: Bitcoin
Next resistance 99/psy’100K
–
notable crypto: XRP
A little higher. Wake me up >$2.50
–
Have a good evening
–
more later on the VIX and Indexes by 6pm EDT