US equity indexes closed moderately higher, sp +27pts (0.8%) at 3446. Nasdaq comp’ +0.5%. Dow +0.4%. The Transports settled +0.6%.
sp’daily5
nasdaq comp’
transports
Summary
SPX: a second day higher, settling +27pts (0.8%) to 3446. Zero sign of a s/t top, and I would note the upper bollinger at 3456, and that is now rising each day by 5pts or so.
NAS: a second day higher, settling +56pts (0.5%) to 11420. Today’s candle is black, and leans s/t bearish, at least for part of Friday.
Trans: fourth day higher of five, breaking a new historic high of 11786, and settling +72pts (0.6%) to 11762. The new HH is very impressive considering the state of the airlines and shippers.
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VIX’daily3
With higher equities, the VIX was cooled for a second day, settling -6.1% to 26.36. Daily momentum has turned negative. Broadly… the VIX is stuck within 31/24.
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Looking ahead by 6pm EST