US equity indexes closed mixed, SPX -1.9pts (0.03%) at 5980. Nasdaq comp’ +0.1%. Dow -0.1%. The Transports settled +0.25%. R2K +0.5%
sp’60min
Summary
closing hour action: printing a new intraday low of 5971, if bouncing. S/t momentum settled marginally negative.
Awaiting earnings from $SWBI
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… and that concludes a Wednesday. A typically choppy day for an FOMC. The s/t cyclical setup favours the bulls, as a quad-opex pin around 6000 would be the more natural weekly settlement.
… but the wild card is clearly Israel/Iran, and further Trump comments.
I recommended leaving ALL screens and phones off tomorrow.
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notable bond yield proxy: TNX
US 10yr churning around 4.40%
A break >5.00% this Sept/Oct’ remains target.
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notable bond ETF: TLT
Bonds broadly flat.
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notable crypto: Bitcoin
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notable crypto: XRP
I still wonder if 65cents this Oct’.
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Have a good evening
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more later on the VIX and Indexes by 6pm EDT