US equity indexes closed on a positive note, SPX +29pts (0.4%) at 6693. Nasdaq comp’ +0.7%. Dow +0.1%. The Transports settled u/c. R2K +0.6%
sp’60min
Summary
closing hour action: a new hist’ high of 6698. S/t momentum settled on the moderately high side.
Awaiting earnings from $FLY $GNFT
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… and that concludes a Monday. With a new hist’ high, it was a net bullish day. The s/t cyclical setup favours the bears, but I’d not expect much. Certainly, I’ve near zero confidence to short an index, even if I went with Nov’21st PUTS.
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notable bond yield proxy: TNX
The US 10yr yield print a new s/t high of 4.15%
Broadly… it remains year THREE of chop.
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notable bond ETF: TLT
Mostly flat yields… flat bonds.
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notable crypto: Bitcoin
The s/t cyclical setup leans bearish.
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notable crypto: XRP
Momentum turned negative today.
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I didn’t venture outside today, but I did capture a sunset.
Have a good evening
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more later on the VIX and Indexes by 6pm EDT