US equity indexes closed on a positive note, SPX +43pts (0.6%) at 6878. Nasdaq comp’ +0.5%. Dow +0.5%. The Transports settled +0.7%. R2K +1.1%
sp’60min
Summary
closing hour action: nano chop. S/t momentum weakened, settling on the moderately high side.
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… and that concludes a Monday. A net bullish day, but price action was very subdued. The s/t cyclical setup favours the bears… if only a few hours.
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notable bond yield proxy: TNX
The US 10yr yield was moderately higher, if still stuck around 4.1%
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notable bond ETF: TLT
Long bonds a little weak.
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notable crypto: Bitcoin
Failed gains.
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Have a good evening
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More later on the VIX and Indexes, by 6pm EST