US equity indexes closed very mixed, sp -5pts (-0.1%) at 3545. Nasdaq comp’ -1.4%. Dow +0.9%. The Transports settled +1.6%.
sp’daily5
nasdaq comp’
transports
Summary
SPX: a low of 3511, and setting -5pts (0.1%) to 3545. Yesterday’s black candle played out. Today’s candle is a spiky hollow red reversal, and leans s/t bullish.
NAS: a second day lower, settling -159pts (1.4%) to 11553. Yesterday’s bearish engulfing candle played out.
Trans: a second day higher, settling +196pts (1.6%) to 12096. Monday’s black candle did play out… if briefly. Momentum continues to build, and leans s/t bullish.
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VIX’daily3
Volatility was itself subdued, the VIX settling -3.7% to 24.80. Momentum continues to tick lower, and with the election out of the way, I don’t see the recent 41s being exceeded for the remainder of the year.
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Looking ahead by 6pm EST