VIX and Index update

US equity indexes closed moderately mixed, SPX +17pts (0.3%) at 6512. Nasdaq comp’ +0.4%. Dow +0.4%. The Transports settled -0.8%. R2K -0.6%

sp’daily5

nasdaq comp’

r2k

transports

Summary

SPX: settling +0.3% to 6512. Monday’s black candle (briefly) played out. Today’s candle is a bullish hammer, as the 6530s are viable on PPI-Wednesday.

NAS: new hist’ high of 21891, settling +0.4% to 21879. Monday’s black candle briefly played out.

R2K: settling -0.6% to 236.79. Monday’s black candle played out.

Trans: the fifth day lower of six, settling -0.8% to 15599… but price action is mostly chop.

VIX’daily


Volatility was lower for a fifth consecutive day, the VIX settling -0.5% to 15.04. Daily momentum weakened for a fourth day, if remaining marginally positive.

Looking ahead by 6pm EDT