US equity indexes closed on a positive note, SPX +63pts (1.1%) at 5930. Nasdaq comp’ +1.0%. Dow +1.2%. The Transports settled +0.2%. R2K +1.0%
sp’daily5
nasdaq comp’
r2k – via proxy IWM
transports
Summary
SPX: a new s/t low of 5832, but swinging upward to 5982, and cooling back to settle +1.1% at 5930… just above the 50dma. Today’s candle is pretty spiky on the upper side, as we’re seeing sellers into each bounce.
NAS: an early low of 19168, but settling +1.0% to 19572.
R2K: an early low of 218.07, but settling +1.0% to 222.04.
Trans: a new cycle low of 15677, but recovering to settle +0.2% to 15891. Today’s candle is black… from just above the 200dma.
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VIX’daily
Volatility was VERY mixed, an early (cash market) high of 23.35, but cooling back to settle 23.8% to 18.36. Thursday’s hollow red reversal candle played out… if only in pre-market, when VIX printed 26.51. Momentum ticked back lower, if remaining on the very high side.
VIX weekly
Volatility saw a net weekly gain of +32.9%, having printed a high of 28.32. Momentum ticked back upward, and should turn negative as of Dec’30th. Having printed the 28s, next big upside resistance is around 35.
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a little more… by 6pm EST