US equity indexes closed on a positive note, SPX +27pts (0.5%) at 5842. Nasdaq comp’ +0.3%. Dow +0.8%. The Transports settled +1.9%. R2K +1.6%
sp’60min
Summary
closing hour action: micro chop, leaning a touch weak. S/t momentum ticked upward, but remains marginally negative.
Awaiting earnings from $AA $REXR $KMI $PPG $CSX $STLD $FR $HOMB $DFS $EFX
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… and that concludes a Wednesday. It was a net bullish day, esp’ for the two leaders – Trans/R2K. The s/t cyclical setup favours the bulls for Thursday.
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notable bond yield proxy: TNX
The US 10yr yield cooling to 3.995%
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notable bond ETF: TLT
Lower yields > higher bonds.
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notable stock: MS
New hist’ high, as earnings were unquestionably good.
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Have a good evening
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more later on the VIX and Indexes by 6pm EDT