US equity indexes closed on a weak note, sp -22pts (0.6%) at 3511. Nasdaq comp’ -0.1%. Dow -0.5%. The Transports settled -0.8%.
sp’60min
Summary
closing hour action: minor chop, leaning upward from the 2pm hour mini spike floor from psy’3500. The hourly 10MA… acting as first resistance.
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… and that concludes Tuesday. Whilst it was a bearish day… it wasn’t anything of significance, and is just a retrace of the past few days of very powerful gains.
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notable financial: C
Rough day for Citi, a clear case of post earnings depression.
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notable stock: ZM
Recent price action has just been bullish consolidation.
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notable horror: RCL
Raising another $1bn… 50/50 stock/corp’ debt split.
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Another day of grey.. .cold.. rainy horror. Maybe I’ll stay indoors until late March 2021? Have a good evening
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more later on the VIX and Indexes by 6pm EST