VIX and Index update

US equity indexes closed a little weak, SPX -12pts (0.2%) at 5662. Nasdaq comp’ -0.3%. Dow -0.03%. The Transports settled -0.4%. R2K -0.6%

sp’daily5

nasdaq comp’

r2k

transports

Summary

SPX: an early low of 5632, bouncing to 5711, and cooling back to settle -0.2% to 5662. Today’s candle is a hollow red reversal, and leans s/t bullish.

NAS: settling -0.3% to 17691. Today’s candle is a hollow red reversal, and leans s/t bullish.

R2K: settling -0.6% to 205.04. Today’s candle is a hollow red reversal, and leans s/t bullish.

Trans: settling -0.4% to 14637. Today’s candle is a hollow red reversal, and leans s/t bullish.

VIX’daily

Volatility saw an opening high of 21.00, before cooling back to settle -0.5% to 19.80.  Momentum ticked lower for a seventh day. Today’s candle is a hollow red reversal, but I’m dismissive of it. On balance, VIX could be expected to be ground lower into the weekend.

Looking ahead by 6pm EST