US equity indexes mostly closed on a weak note, SPX -14pts (0.3%) at 4360. Nasdaq comp’ -0.7%. Dow +0.2%. The Transports settled +0.05%. R2K -0.5%.
sp’60min
Summary
closing hour action: choppy, leaning upward, but holding under first resistance of the hourly 10MA.
–
… and that concludes Thursday, which not surprisingly saw more red boxes than green. Clearly though… it was nothing particularly dramatic, as the bears can’t manage anything significant/sustained. Certain sectors though, not least energy, are having a really rough time, but its arguably just a retrace.
–
notable stock: AAPL
Whilst net lower… that is after yet another new historic high.
–
notable bond ETF: TLT
Jon Najarian noted $150 CALL buying. However, I do NOT see TLT breaking a new cycle high >$150.
–
notable fin: COIN
A fourth day lower, not helped via crypto. Gundlach sees a H/S in Bitcoin. Regardless… Coinbase is a fine company/service, but the valuation is ludicrous.
–
Here… it was a day of grey horror until 3pm EST. Have a good evening!
–
more later on the VIX and Indexes by 6pm EST