Closing Brief

US equity indexes closed rather mixed, SPX +4pts (0.1%) at 6363. Nasdaq comp’ +0.2%. Dow -0.7%. The Transports settled -0.5%. R2K -1.3%

sp’60min

Summary

closing hour action: leaning weak, as s/t momentum continued to weaken, settling marginally positive.

Awaiting earnings from $INTC $NEM $DECK $DOC $SCHL $ORC $LBRT $EW $BYD $COUR

… and that concludes a Thursday. With a new hist’ high of 6381, it has to be seen as a net bullish day. The s/t cyclical setup favours the bears… if only -30/40pts.

notable bond yield proxy: TNX

The US 10yr yield moderately higher, printing a high of 4.442%

notable bond ETF: TLT

Higher yields > lower bonds.

notable crypto: Bitcoin

BTC +0.2% at $119K

notable crypto: XRP


XRP is +5cents at $3.24.


Have a good evening

more later on the VIX and Indexes by 6pm EDT