US equity indexes closed a little mixed, SPX -8pts (0.1%) at 5464. Nasdaq comp’ -0.2%. Dow +0.04%. The Transports settled +0.2%. R2K +0.2%
sp’60min
Summary
closing hour action: micro chop. S/t momentum settled on the low side.
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… and that concludes the week. A pretty natural day of chop, for a quad-opex. With a new hist’ high of 5505, it should be seen as a net bullish week. The s/t cyclical setup favours the bulls for next Monday.
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notable bond yield proxy: TNX
Yields a touch higher.
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notable bond ETF: TLT
Bonds churning broadly flat.
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notable regional bank ETF: KRE
Regional banks moderately weak.
Broadly… it remains a year of chop.
The concern should be renewed inflation, and higher yields/rates.
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A little sunshine always helps. Have a good evening
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more later on the VIX and Indexes by 6pm EDT