US equity indexes closed very significantly higher, SPX +90pts (2.4%) at 3764. Nasdaq comp' +2.5%. Dow +2.1%. The Transports settled +1.5%. R2K +1.8%.
sp'60min
Summary
closing hour action: considerable minor chop, if leaning a touch weak. S/t momentum weakened... but only a little, as green gap looks viable (with red VIX gap), before 'normal service' resumes.
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… and that concludes Tuesday. It was day for the bulls, but it only retraces around half of last week's declines.
*I see my webhost has finally awoken from a coma, so I guess I'll be posting as normal tomorrow. Or maybe I'll get lucky and die in my sleep.
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notable stock: COIN
Partly higher with the main market, partly with Bitcoin. Still m/t horror. I'd imagine Ms. Wood of ARK was averaging down some more today.
The latter which printed the $17000s, makes little sense as a key m/t floor. More natural would be 13/12k. Today's bounce was WEAK.
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notable stock: K
Another company where the board ran out of ideas, and have decided to split the company into three. They get paid the big money for that degree of desperation. Today's gains... mostly faded, as even the market isn't buying this kind of nonsense.
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notable bond ETF: TLT
A rough start to the week for bonds... as yields climbed. M/t horror.
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notable fin: BAC
Just bouncing with the main market. Bulls have NOTHING until >50dma.
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more later on the VIX and Indexes... probably by 4.30pm EST
