US equity indexes closed very significantly higher, SPX +79pts (1.9%) at 4317. Nasdaq comp’ +1.8%. Dow +1.7%. The Transports settled +1.9%. R2K 2.7%
sp’60min
Summary
closing hour action: clawing upward to print a new intraday high of 4319. S/t momentum is weakening, and might turn negative Friday afternoon.
*awaiting earnings from: AAPL, $SQ, DKNG, CVNA, FTNT, SBUX, COIN, PXD, NET
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… and that concludes a Thursday. It was a fourth day for the equity bulls, as reflected in VIX 15s. The micro cycles are crazy over-bought, as we’re due a cooling wave to the 4230s.
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notable bond yield proxy: TNX, 60min
Today saw both legacy downside gaps filled. Now we’ve a large upside gap.
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notable bond ETF: TLT
Bonds higher for a second day, as the mainstream are once again confident that rate cuts are on the way.
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notable stock: PYPL
Earnings were fine. The primary problem will be the main market.
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Here… it was a day of grey rainy horror… via storm Ciaran.
Have a good evening
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more later on the VIX and Indexes by 6pm EST