US equity indexes mostly closed on a weak note, SPX -11pts (-0.3%) at 4488. Nasdaq comp’ -1.3%. Dow +0.4%. The Transports settled -0.9%. R2K -0.7%.
sp’60min
Summary
closing hour action: choppy, but leaning moderately lower, for what was a mild case of ‘rats selling into the weekend’. S/t momentum ticked lower, as the setup favours the bears for the Monday open.
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… and that concludes the week. It was a messy end to the week. Most notable was renewed downside in the Nasdaq and Transports, as both are warning of problems into the Easter break.
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notable stock: COIN
Coinbase lower for the 7th day of 8.
Goldman maintain ‘buy’, 250>240.
I’d guess Chanos is seeking downside to around $100, which is realistic if SPX 3800 or lower, within 2-4mths.
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notable bond ETF: TLT
Bonds breaking new multi-year lows, as yields continue to climb.
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notable bank: BAC
Banks catching a bounce, as some are looking ahead to Q1 earnings, which begin next Thursday. A death cross is due next week.
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A fine end to the week.
Wherever you are on planet Krazy, have a good evening!
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more later on the VIX and Indexes by 6pm EST