US equity indexes closed significantly higher, sp +48pts (1.4%) at 3585. Nasdaq comp’ +1.0%. Dow +1.4%. The Transports settled +2.1%.
sp’60min
Summary
closing hour action: a little choppy, but still battling upward to break a new intraday high of 3593, as s/t momentum continued to strengthen.
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… and that concludes the week. It was a positive end to the week, which was appropriate for what has been a historic week. The s/t cyclical setup leans to the bulls.
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notable stock: DIS
Sig’ gains for the mouse, although far below yesterday’s AH gains of around +7%.
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notable stock: CSCO
Cisco fared distinctly better that sister Dow component of DIS.
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notable stock: GDX, 60min
A positive end to the week for the miners… if net lower for the week. Next week should offer the mid 39s.. if not 40/41. I hold!
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Autumn hasn’t been easy. Winter will be harder.
Have a good evening
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more later on the VIX and Indexes by 6pm EST