US equity indexes closed significantly higher, SPX +43pts (1.1%) at 4110. Nasdaq comp’ +1.3%. Dow +0.7%. The Transports settled +1.4%. R2K +1.2%.
sp’60min
Summary
closing hour action: micro chop, as s/t momentum ticked lower.
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… and that concludes Monday. A positive start to the week… for what was bullish follow through from last week’s gains. Whilst Tuesday appears set to open positive… I’ll be looking for a distinct reversal.
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notable stock: COIN
A fourth day higher, helped with Bitcoin $22000s. Broadly though, its clearly m/t horror.
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notable bond ETF: TLT
TLT breaks a new multi-year low.
There is a trap door from 104s >82s.
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notable bank: BAC
A fourth day higher… will be prone to reverse lower with the main market on Tuesday.
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Have a good evening
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more later on the VIX and Indexes by 6pm EST