US equity indexes closed broadly higher, SPX +32pts (0.9%) at 3699. Nasdaq comp’ +0.7%. Dow +0.8%. The Transports settled +1.2%.
sp’60min
Summary
closing hour action: micro chop, but leaning upward a new hist’ high of 3699 in the final minutes.
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… and that concludes the week. The market remains m/t super strong, and whilst we’re seeing occasional cooling waves, they are usually nothing of significance, and very quickly negated.
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notable stock: AMD
Early weakness, but powering upward into the weekend, as giant psy’100 is near.
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notable stock: X
US Steel remains s/t very strong. Considering ‘everything else’, sustained action >16s appears underway, with next resistance of the $26s.
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notable miner: FCX
Whilst the gold/silver miners are still battling to build a s/t floor, the copper miners are breaking new five year highs. Next resistance are the $34s, which would arguably sync with Copper $4.00.
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Another day entirely indoors, and the above was as close to sunshine as yours truly saw today. Wherever you are…. have a good evening.
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more later, starting with the VIX and Indexes (probably by 4.30pm EST)