US equity indexes closed broadly higher, SPX +44pts (0.8%) at 5859. Nasdaq comp’ +0.9%. Dow +0.5%. The Transports settled +0.7%. R2K +0.8%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: the fourth day higher of five, printing a new hist’ high of 5871, settling +0.8% to 5859. Today’s close was the first above the upper bollinger since mid July. RSI 67s… near the 70 overbought threshold. Momentum ticked upward, and is marginally positive.
NAS: the fourth day higher of five, settling +0.9% to 18502… nearing the July hist’ high of 18671.
R2K: a second day higher, settling +0.8% to 222.95. Momentum has turned positive.
Trans: the fourth day higher of five, settling +0.7% to 16349… the highest daily close in over a year. Momentum has turned positive. Bullish >16800. Bearish <15K
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VIX’daily
Volatility was ground lower for the fourth day of five, the VIX settling -3.7% to 19.70. Momentum ticked lower for a fourth day, if still marginally positive.
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Looking ahead by 6pm EDT