US equity indexes closed on a positive note, SPX +13pts (0.3%) at 4460. Nasdaq comp’ +0.3%. Dow +0.04%. The Transports settled +0.2%.
sp’60min
Summary
closing hour action: micro chop, but still leaning upward to print a new historic high of 4461.
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… and that concludes a very sleepy Thursday, for what was classic algobot upward melt. Does anyone does the 4500s… as will be technically viable next week? A broader run to 4900/5100 appears due… just need WTIC >$77 and R2K to new historic highs to give full confidence.
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notable Dow component: AAPL
Bullish pennant provisionally confirmed, as Apple appears set to break a new hist’ high, perhaps even before the weekend.
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notable airline: UAL
Airlines cooling back, but remain m/t bullish. I have ethical issues with this one… for perhaps obvious reasons.
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notable stock: X
A day of weak leaning chop. I should be onboard this, but I’m already maxed out, and would need to sell something. Am looking at dropping Mosaic, and maybe trim my energy stocks… if Friday sees sig’ gains.
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A fine end to the day. Have a good evening
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more later on the VIX and Indexes by 6pm EST