US equity indexes closed on a mixed note, SPX +19pts (0.3%) at 6532. Nasdaq comp’ +0.03%. Dow -0.5%. The Transports settled -0.4%. R2K -0.2%
sp’60min
Summary
closing hour action: minor chop… leaning weak, but then a mini spike upward. S/t momentum settled fractionally positive.
Awaiting earnings from $ZENV $LSAK $OXM $CULP $VNCE
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… and that concludes a Wednesday. With a new hist’ high of 6555, it was a net bullish day. The s/t cyclical setup favours the bears, but I’m rather dismissive of it. Net bullish into next Tues’/Wed’.
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notable bond yield proxy: TNX
The US 10yr yield printing a new s/t low of 4.026%
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notable bond ETF: TLT
Lower yields > higher bonds
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notable crypto: Bitcoin
+1.7% at $113K
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notable crypto: XRP
I still think net cooling to around $2.00 is realistic in Oct’
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Have a good evening
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more later on the VIX and Indexes by 6pm EDT