US equity indexes closed rather mixed, SPX -22pts (0.4%) at 5460. Nasdaq comp’ -0.7%. Dow -0.1%. The Transports settled +1.0%. R2K +0.4%
sp’60min
Summary
closing hour action: choppy, if leaning weak to break a new intraday low of 5451. S/t momentum settled on the marginally low side.
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… and that concludes the week, month, Q2, and first half. Whilst the afternoon saw broad cooling, with a new hist’ high of 5523, it should be seen as a net bullish day and week.
The s/t cyclical setup favours the bulls for ‘mutual fund Monday’.
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notable bond yield proxy: TNX
Yields sig’ higher.
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notable bond ETF: TLT
Higher yields > lower bonds.
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notable banking ETF: KRE
The 7th daily gain of 9. Today’s sig’ gain is impressive relative to lower bonds.
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Have a good evening
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more later on the VIX and Indexes by 6pm EDT