US equity indexes mostly closed moderately higher, SPX +20pts (0.4%) at 4774. Nasdaq comp’ +0.5%. Dow +0.4%. The Transports settled +0.25%. R2K +1.3%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a third day higher, printing a new cycle high of 4784, and settling +0.4% to 4774. Momentum is flat-lining on the marginally positive side. Upper bollinger (4814) is effectively offering a challenge of the Jan’2022 hist’ high of 4818.
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NAS: a third day higher, printing a new cycle high of 15101, and settling +0.5% to 15074. RSI 73s… overbought.
R2K: a third day higher, printing a new cycle high of 204.56, and settling +1.3% to 204.01. Next resistance are the March 2022 206s.
Trans: a third day higher, settling +0.25% to 16104. Daily momentum continues to subtly weaken.
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VIX’daily
Volatility picked up, but it was mostly technical, the VIX printing 13.77 (cash market), but cooling back to settle -0.3 % to 12.99. Momentum ticked subtly lower for a second day, and remains moderately positive. The key 20 threshold looks out of range until at least late January.
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Looking ahead by 6pm EST