US equity indexes closed mixed, SPX +3pts (0.05%) at 6836. Nasdaq comp’ -0.2%. Dow +0.1%. The Transports settled +1.7%. R2K +1.3%
sp’60min
Summary
closing hour action: choppy, leaning weak, briefly turning red. S/t momentum settled moderately low.
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… and that concludes the week. It was a naturally choppy lead into the long weekend. The s/t cyclical setup favours the bears, but the bigger daily/weekly charts lean net bearish for Tuesday.
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notable bond yield proxy: TNX
Yields cooling on the CPI data.
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notable bond ETF: TLT
Lower yields > higher bonds
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notable crypto: Bitcoin
+4% at $68K. Daily momentum prone to turning positive this weekend.
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Have a good evening
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More later on the VIX and Indexes, by 6pm EST