US equity indexes closed on a positive note, SPX +25pts (0.6%) at 4299. Nasdaq comp’ +0.8%. Dow +0.3%. The Transports settled +1.1%. R2K +0.9%
sp’60min
Summary
closing hour action: a push to 4312, if cooling back. S/t momentum settled on the high side.
*awaiting earnings from NKE, BB, MTN
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… and that concludes a Thursday. It was a net bullish day.
Friday appears set to close above the daily 200ma, with a tag, or full fill of teal gap next Mon/Tuesday.
Yours truly is content on the sidelines until next week.
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notable bond yield proxy: TNX, 60min
A new multi-decade high of 4.688%, if cooling back.
I’d still guess psy’ 5.00% will be printed in October, and it’d be one excuse for sp’4K.
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notable bond ETF: TLT
A new multi-year low of $87.10, if reversing upward. S/t bullish, if only a few days. The door remains wide open to next support of the $80s, last seen in 2013.
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notable banking ETF: KRE
Reflective of the main market. S/t bullish, if only a few days.
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Here… grey skies, an excuse to stay inside.
Have a good evening
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more later on the VIX and Indexes by 6pm EST