US equity indexes mostly closed on a weak note, SPX -44pts (0.8%) at 5815. Nasdaq comp’ -1.0%. Dow -0.7%. The Transports settled -0.6%. R2K +0.1%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: an early high of 5870, but swinging lower to 5804, and settling -0.8% to 5815. Minor purple gap filled. Today’s candle is bearish engulfing. Momentum ticked lower, if remaining fractionally positive.
Best guess… a Friday-OPEX pin around 5700.
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NAS: an early high of 18564, but settling -1.0% to 18315. Today’s candle is bearish engulfing.
R2K: a third day higher, settling +0.1% to 223.07.
Trans: printing a new multi-year high of 16498, but settling -0.6% to 16248. Momentum ticked upward, and is marginally positive. For now… its still broad chop. Bullish >16800. Bearish <15K.
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VIX’daily
Volatility was mixed, the VIX printing 19.44, but recovering upward to settle +4.8% to 20.64. Momentum ticked lower for a fifth day, if remaining marginally positive.
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Looking ahead by 6pm EDT