US equity indexes closed on a weak note, SPX -15pts (0.3%) at 4942. Nasdaq comp’ -0.2%. Dow -0.7%. The Transports settled -0.7%. R2K -1.3%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: an early low of 4918, bouncing to 4956, and settling -0.3% to 4942. Momentum subtly ticked lower, and remains marginally positive. Upper bollinger has climbed to 4979, and will be offering giant psy’ 5K within 2-3 days.
NAS: settling -0.2% to 15597. Momentum is fractionally positive, as tech continues to lead the way up.
R2K: the fourth day lower of five, settling -1.3% to 191.88. Friday’s reversal candle failed to play out. Momentum ticked lower, and is on the moderately low side.
Trans: settling -0.7% to 15686. Today’s candle is spiky on the lower side from the 50dma. Momentum remains marginally negative.
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VIX’daily
Volatility was a little mixed, the VIX printing 14.53, if cooling back to settle -1.3% at 13.67. Momentum ticked lower, and will be prone to turning negative within 1-2 days. The key 20 threshold looks out of range until at least late March.
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Looking ahead by 6pm EST