US equity indexes closed rather powerfully higher, SPX +136pts (1.8%) at 7736. Nasdaq comp’ +2.6%. Dow +1.7%. The Transports settled +2.6%. R2K +1.9%
sp’60min
Summary
closing hour action: new hist’ high of 7758. S/t momentum settled on the very side.
Awaiting earnings from $SPCX $AMD $ANET $ALAB $ZETA $OPEN $BKNG $KTOS $ALGT $HL
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… and that concludes a Tuesday. A powerfully bullish day, breaking into new territory. Now the only issue is how high can we get by mid Sept’. I’m actually open to 7900/8K, before at least a 10% washout.
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notable bond yield proxy: TNX
US 10yr yield cooling to 4.619%
Absolutely still expecting a rate hike… with a break >5.00%
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notable bond ETF: TLT
Bonds higher for a second day
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notable crypto: Bitcoin
Sig’ higher, but 64K is some 49% below last year’s high
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Have a good evening
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More later on the VIX and Indexes, by 6pm EDT