US equity indexes closed very significantly lower, SPX -95pts (1.6%) at 5844. Nasdaq comp’ -1.4%. Dow -1.9%. The Transports settled -2.7%. R2K -2.7%
sp’60min
Summary
closing hour action: breaking a new intraday low of 5830. S/t momentum settled on the low side.
Awaiting earnings from $SNOW $ZM $AMSC $DOMO $URBN $CLIR $RAMP $BBAR $ENS
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… and that concludes a Wednesday. A net bearish day… largely due to a lousy bond market auction. Net bearish… to yellow gap, where the daily 200MA is lurking… in the 5760s.
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notable bond yield proxy: TNX
The US 10yr yield spiking to 4.604% on a lousy bond auction.
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notable bond ETF: TLT
Higher yields > lower bonds.
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notable crypto: Bitcoin
Printing a new hist’ high of $109882… if cooling back a little, somewhat restrained by the red main market.
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notable crypto: XRP
A mixed day… restrained by the red main market.
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Have a good evening
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more later on the VIX and Indexes by 6pm EDT