US equity indexes mostly closed on a weak note, SPX -5pts (0.1%) at 5867. Nasdaq comp’ -0.1%. Dow +0.04%. The Transports settled -0.6%. R2K -0.4%
sp’60min
Summary
closing hour action: leaning weak to break a new intraday low of 5866. s/t momentum ticked upward, but remains on the low side.
Awaiting earnings from $NKE $FDX $BB $AVO $SCHL
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… and that concludes a Thursday. It was arguably a net bearish day, as today’s bounce was distinctly shaky and weak… relative to Wednesday afternoon’s smack down.
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notable bond yield proxy: TNX
The US 10yr yield printing 4.594%
… similar to mid Sept’, as yields climb post rate cut.
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notable bond ETF: TLT
Higher yield > lower bonds
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notable crypto: Bitcoin
As giant psy’ $100K couldn’t hold.
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notable stock: MSTR
This is going to end… real badly.
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Some six hours ago, with the winter solstice this Saturday, and then the long road into summer 2025. Have a good evening
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more later on the VIX and Indexes by 6pm EST