US equity indexes closed on a weak note, SPX -20pts (0.3%) at 6259. Nasdaq comp’ -0.2%. Dow -0.6%. The Transports settled -0.7%. R2K -1.3%
sp’60min
Summary
closing hour action: a little chop, leaning a touch weak. S/t momentum settled marginally negative.
–
… and that concludes the week. A little weakness… but with a new hist’ high of 6290, it has to be seen as a net bullish week. The s/t cyclical setup favours the bulls, but structure is a bear flag.
–
notable bond yield proxy: TNX
The US 10yr yield printing 4.425%
Background chatter is a little more open to higher rates.
–
notable bond ETF: TLT
Higher yields > lower bonds
–
notable crypto: Bitcoin
Bitcoin +1.7% at $117K
–
notable crypto: XRP
XRP spiking… +29cents to $2.83
–
Have a good evening
–
more later on the VIX and Indexes by 6pm EDT