Thursday, 17 December 2020

Closing Brief

US equity indexes mostly closed moderately higher, SPX +21pts (0.6%) at 3722. Nasdaq comp' +0.8%. Dow +0.5%. The Transports settled +1.1%. 

sp'60min



Summary

closing hour action: just a little chop, leaning a touch higher, whilst s/t momentum continued to tick lower, set to turn negative by late Friday morning.

*awaiting earnings from FDX and BB

… and that concludes Thursday. For the US equity market... it was just another day for the equity bulls. For yours truly... it was semi-server hell.

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notable stock: PFE

Pfizer trying to find a floor from just above new core support of the $36s.
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notable miner: AUY


Yamana higher with gold/silver.

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notable energy: RIG


Transocean battling upward. Still very speculative, and the cautious will lean to sister/giant of SLB.

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Here, it was a fine day, with (as Lynch would say) Golden sunshine... all along the way.
Have a good evening
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more later, starting with the VIX and Indexes by around 4.15pm EST