US equity indexes mostly closed a little higher, SPX +5pts (0.1%) at 6005. Nasdaq comp’ +0.3%. Dow u/c. The Transports settled +0.7%. R2K +0.7%
sp’60min
Summary
closing hour action: micro chop… cooling back. S/t momentum weakened… settling fractionally negative.
Awaiting earnings from $CASY $CVGW $AII $LAKE $LMNR $SKIL $CMTL
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… and that concludes a Monday. A very subdued start to the week, although the SPX still managed a marginal new cycle high. The s/t cyclical setup favours the bears… but after last week’s resilience to adverse news, why would the bears anything?
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notable bond yield proxy: TNX
Yields cooling back.
Broadly, an eventual break >5.00 will be monstrously important.
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notable bond ETF: TLT
Lower yields > higher bonds.
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notable crypto: Bitcoin
Bitcoin clearly isn’t that far from a new hist’ high.
Cyclically… the setup favours the bulls.
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notable crypto: XRP
A fourth day higher. Daily momentum has turned positive.
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Here… grey skies, an excuse to stay inside. Besides… I’m tired.
Have a good evening
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more later on the VIX and Indexes by 6pm EDT