US equity indexes closed on a positive note, SPX +17pts (0.3%) at 6280. Nasdaq comp’ +0.1%. Dow +0.4%. The Transports settled +2.6%. R2K +0.5%
sp’60min
Summary
closing hour action: a little cooling… as s/t momentum weakened, settling on the marginally high side.
Awaiting earnings from $LEVI $WDFC $PSMT $ETWO $VIST
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… and that concludes a Thursday. With a new hist’ high, it has to be seen as a net bullish day. The s/t cyclical setup favours the bears, but other than CPI next Tuesday, its difficult to see any other ‘excuse’ that could generate sig’ downside.
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notable bond yield proxy: TNX
Yields… leaning a little higher.
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notable bond ETF: TLT
Bonds… a little weak.
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notable crypto: Bitcoin
New hist’ high of $113864
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notable crypto: XRP
+9cents to $2.50
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Bullish sun-dogs. Have a good evening
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more later on the VIX and Indexes by 6pm EDT