US equity indexes mostly closed on a weak note, SPX -25pts (0.4%) at 6370. Nasdaq comp’ -0.3%. Dow -0.3%. The Transports settled -0.1%. R2K +0.2%
sp’60min
Summary
closing hour action: choppy, if leaning a touch weak. S/t momentum settled fractionally positive.
Awaiting earnings from $ZM $WDAY $INTU $ROST
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… and that concludes a Thursday. A few bounce attempts… but failing… for day FIVE down. The s/t cyclical setup slightly favours the bears. The bigger daily cycles are suggestive of 6270/60s on Friday.
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notable bond yield proxy: TNX
Yields broadly higher, the US 10yr yield printing 4.347%
Wake me up >4.80%
A pre-cursor warning would be UK 10yr >5.00%
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notable bond ETF: TLT
Higher yields > lower bonds
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notable crypto: Bitcoin
-1.9 at $112K… as sub $100K looks pretty easy.
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notable crypto: XRP
-8cents to $2.87
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Day’40. Have a good evening
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more later on the VIX and Indexes by 6pm EDT