US equity indexes closed on a positive note, SPX +37pts (0.5%) at 6913. Nasdaq comp’ +0.9%. Dow +0.6%. The Transports settled +0.2%. R2K +0.7%
sp’60min
Summary
closing hour action: a little cooling, and seeing a subtle bounce from the 10MA. S/t structure is a baby bull flag. S/t momentum settled on the moderately high side.
Awaiting earnings from $INTC $ISRG $COF $AA $EWBC $CSX $ASB $BY $ALK $CUBI
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… and that concludes a Thursday. It was a net bullish day, not least with new hist’ highs for the Trans and R2K. The s/t cyclical setup favours the bears… but daily momentum is swinging back toward the bulls.
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notable bond yield proxy: TNX
The US 10yr yield fractionally lower.
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notable bond ETF: TLT
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notable crypto: Bitcoin
Choppy. S/t cyclically low
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Have a good evening
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More later on the VIX and Indexes, by 6pm EST