US equity indexes closed on a weak note, SPX -13pts (0.2%) at 7410. Nasdaq comp’ -0.1%. Dow -0.8%. The Transports settled -0.7%. R2K -0.5%
sp’60min
Summary
closing hour action: minor chop, leaning a little weak. S/t momentum settled on the very low side.
Awaiting earnings from $DKNG $ABNB $AAOI $CENX $TXG $RGTI $TTD $INOD $RCAT $MP
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… and that concludes a Thursday. A net bearish day, but nothing of any significance. Even if Friday tags the yellow gap, it makes for just a retrace of 7313-7793.
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notable bond yield proxy: TNX
US 10yr yield sig’ higher, printing 4.67%
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notable bond ETF: TLT
Higher yields > lower bonds… as the bond fund managers face years, if not 3-4 decades of pain and suffering.
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notable crypto: Bitcoin
A little weakness… all whilst Saylor is ever more arrogant
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21c/70f… is Goldilocks. Have a good evening
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More later on the VIX and Indexes, by 6pm EDT