US equity indexes closed rather mixed, SPX +1pt (0.02%) at 4274. Nasdaq comp’ +0.2%. Dow -0.2%. The Transports settled +0.1%. R2K +1.0%
sp’60min
Summary
closing hour action: printing 4290, but cooling back lower. S/t momentum ticked upward, settling marginally positive.
*awaiting earnings from MU, FUL
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… and that concludes a Wednesday. With a new cycle low of 4238, it was a net bearish day. Ongoing price action isn’t pretty, not least on the bigger daily/weekly charts.
I hold short via one crash-block.
I would consider adding with a daily close under the 200ma.
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notable bond yield proxy: TNX, 60min
A new cycle high of 4.643%, and I wonder if next Monday might see a spike to psy’ 5.00%
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notable bond ETF: TLT
TLT printing the $88s, with open air to the $80s.
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notable stock: PYPL
No news I’m aware of. New multi-year low. Bearish engulfing candle.
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Here… another day focused on the green/red flashing boxes.
Have a good evening
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more later on the VIX and Indexes by 6pm EST