Closing Brief

US equity indexes closed broadly higher, with the sp +11pts @ 2023. The Dow managed a new historic high of 17486. The two leaders - Trans/R2K, settled higher by 0.4% and 0.1% respectively. Near term outlook continues to offer a retrace... if only moderate to 1970s.


sp'60min

Summary

*awaiting earnings from TSLA.    Target downside $200... best case (over a few weeks.. $180).
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A pretty tedious day, not least with a new high in the Dow.
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4.24pm... TLSA earnings.. mixed, stock swings to a low of $217, but then to the upper $240s.

QCOM earnings, market not pleased, -5% in the $73s. Daily cycle rolling over.
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A full daily wrap at 8pm EST.