US equity indexes mostly closed on a weak note, SPX -23pts (0.4%) at 5940. Nasdaq comp’ -0.4%. Dow -0.3%. The Transports settled -1.0%. R2K +0.01%
sp’60min
Summary
closing hour action: micro chop, leaning upward. S/t momentum settled on the moderately low side.
Awaiting earnings from $PANW $TOL $TUYA $MOD $KEYS $SKY $VSAT $XP $ZTO $EARN
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… and that concludes a Tuesday. It was another pretty subdued day… if net bearish. Bulls can argue its just bullish consolidation, and I’d agree. Bears… at most could hope for a retrace to around 5800.
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notable bond yield proxy: TNX
The US 10yr… broadly flat.
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notable bond ETF: TLT
Long bonds… moderately lower.
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notable crypto: Bitcoin
Choppy. I lean s/t bearish.
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notable crypto: XRP
As is typically the case… any main market downside will pressure crypto lower. My guess is XRP will trade <$2.20. I just wonder if I can buy back from around $2.00
*My recent trade was $2.11 > $2.56.
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Here… the cloud rolled in during the early evening, and was an excuse to stay inside. Have a good evening
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more later on the VIX and Indexes by 6pm EDT