US equity indexes closed on a positive note, SPX +17pts (0.3%) at 6944. Nasdaq comp’ +0.25%. Dow +0.6%. The Transports settled +1.8%. R2K +0.8%
sp’60min
Summary
closing hour action: a little cooling to print a new intraday low. S/t momentum weakened, settling marginally positive.
Awaiting earnings from JBHT
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… and that concludes a Thursday. A day for the bulls not least with new historic highs for the Transports and R2K. The s/t cyclical setup favours the bears, but I hold to an OPEX pin of 6950.
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notable bond yield proxy: TNX
The US 10yr moderately higher.
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notable bond ETF: TLT
Long bonds a little higher.
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notable crypto: Bitcoin
Cooling from 97>95K
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Have a good evening
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More later on the VIX and Indexes, by 6pm EST