US equity indexes closed broadly higher, SPX +52pts (1.4%) at 3851. Nasdaq comp’ +2.0%. Dow +0.8%. The Transports settled +1.7%.
sp’60min
Summary
closing hour action: minor chop, but leaning upward to print a new hist’ high of 3859, with a little cooling in the final minutes. We have a clear cyclical rollover from the 1pm hour, and it offers a cooling wave (if brief) on Thursday. The setup is similar to Jan’6th.
*awaiting earnings from UAL.
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… and that concludes Wednesday. Suffice to note, with an array of new historic highs, it was a day for the bulls. All that remains missing… a sustained VIX under the key 20 threshold.
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notable stock: NEM
Newmont powering upward with the sector. A monthly settlement above the 10MA appears probable, as the m/t trend STILL remains bullish.
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notable stock: AAPL
Apple powering upward with the Nasdaq/main market. New hist’ highs appear a given.. with next earnings… due Jan’27 AH.
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notable stock: MOS
A new multi-year high for Mosaic, if settling sig’ lower, as yesterday’s black candle did eventually play out. Absolutely m/t bullish, at least for a few more months!
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Here… it was just another day of grey horror. Appropriate.
Have a good evening
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more later on the VIX and Indexes by 6pm EST