US equity indexes closed mixed, SPX -13pts (0.2%) at 7723. Nasdaq comp’ -0.8%. Dow +0.5%. The Transports settled -0.9%. R2K -0.5%
sp’60min
Summary
closing hour action: mostly micro chop, breaking a new intraday low of 7720 in the final minutes. S/t momentum settled on the moderately low side.
Awaiting earnings from $SNDK $WDC $APP $ELF $TTMI $MELI $RDW $AXON $BYND $ALB
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… and that concludes a Wednesday. Net bullish day. The s/t cyclical setup favours the bears. Prime target would be yellow gap, with the old historic high of 7620.
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notable bond yield proxy: TNX
The US 10yr yield cooling to 4.60%
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notable bond ETF: TLT
Bonds a little higher
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notable crypto: Bitcoin
Sig’ higher, but BTC is some -49% below the hist’ high… whilst Saylor of MSTR is taking swipes the bears.
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A brief venture outside was a positive.
Have a good evening
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More later on the VIX and Indexes, by 6pm EDT