Closing Brief

US equity indexes closed moderately mixed, sp -1pt @ 2127 (intra high 2133). The two leaders - Trans/R2K, settled lower by -0.8% and -0.1% respectively. Near term outlook remains bullish into the next FOMC of June 17th... at which point the sp'2170s will be viable.


sp'60min

Summary

*closing hour was a bit of choppy mess... especially the closing minutes, which saw some wacky action in BABA...

5min

I'm not yet aware of the reason why, but that sure was a big closing hyper-ramp.
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As for the broader market... it remains bullish... but with notable weakness in the Transports.
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*I remain short Gold via GLD (currently underwater from the 114s)... seeking an exit in the 113s before the weekend.
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the usual bits and pieces across the evening.. to wrap up the day