US equity indexes mostly closed on a positive note, SPX +4pts (0.1%) at 6309. Nasdaq comp’ -0.4%. Dow +0.4%. The Transports settled +1.7%. R2K +0.9%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a narrow range day, just 35pts wide, settling +0.1% to 6309. Note today’s candle is spiky on the lower side from first support of the 10MA. Net bullish into August.
NAS: settling -0.4% to 20892. Note today’s candle is spiky on the lower side from first support of the 10MA. Net bullish into August.
R2K: settling +0.9% to 223.43. Momentum prone to turning positive early Thurs’.
Trans: settling +1.7% to 16110. Momentum prone to turning positive early Thurs’.
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VIX’daily
Volatility was itself subdued, the VIX settling -0.9% to 16.50. Yesterday’s black candle played out. Daily momentum remains fractionally positive.
The daily bollinger bands haven’t been this tight since early July 2024… just before the VIX hyper spiked to the 65s in early August…
Hmm.
Threats… geo-political shock? Trump-Powell ? Japan bond market ?
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Looking ahead by 6pm EDT