US equity indexes closed significantly lower, SPX -57pts (1.4%) at 4090. Nasdaq comp’ -1.8%. Dow -1.3%. The Transports settled -1.2%. R2K -0.9%
sp’60min
Summary
closing hour action: a pretty ugly closing hour… breaking a new intraday low of 4089, with s/t momentum stalling just under the key zero threshold, ticking back lower.
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… and that concludes Thursday. In many ways… it was similar to Wednesday and Tuesday, opening weak… but a distinct recovery, if settling significantly lower. Bulls can certainly cite the market is holding up well, whilst bears still can’t manage anything sustained.
On balance, I’d still look for Friday-OPEX to settle around 4100.
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notable stock: COIN
Coinbase cooling with the main market.
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notable bond ETF: TLT
Bonds lower for the 8th day of 10.
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notable bank: BAC
Banks fairing better than the main market.
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Here… a mostly grey/gloomy day, a fine excuse to stay indoors.
Have a good evening
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more later on the VIX and Indexes by 6pm EST