US equity indexes closed rather mixed, SPX +4pts (0.1%) at 5576. Nasdaq comp’ +0.1%. Dow -0.1%. The Transports settled -1.1%. R2K -0.4%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a sixth day higher, breaking a new hist’ high of 5590, and settling +0.1% to 5576. Tuesday’s candle is black, and leans net bearish.. if only part of Wed’.
NAS: a sixth day higher, breaking a new hist’ high of 18511, and settling +0.1% to 18429. Tuesday’s candle is black, and leans net bearish.. if only part of Wed’.
R2K: settling -0.4% to 201.37. Monday’s black candle played out. Momentum remains fractionally positive.
Trans: a third day lower, settling -1.1% to 14993. Momentum has turned fractionally negative, and leans net bearish… if only another day.
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VIX’daily
Volatility remained subdued, the VIX settling +1.1% to 12.51. Momentum ticked upward, and is marginally positive.
Any ‘event’ would likely see the VIX spike… if only to the key 20 threshold. That wouldn’t merit any hysteria, but I’d accept its a valid trade… if via Nov’ $18 CALLS or so.
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Looking ahead by 6pm EDT