US equity indexes mostly closed moderately higher, sp +16pts (0.5%) at 3443. Nasdaq comp’ +0.3%. Dow +0.4%. The Transports settled +1.3%.
sp’daily5
nasdaq comp’
transports
Summary
SPX: opening moderately positive, and pushing to 3476. There was some distinct late day cooling to 3436, settling +16pts (0.5%) to 3443. Momentum will be prone to turning negative on Wednesday.
NAS: settling +37pts (0.3%) to 11516. Today’s candle is a black doji, and leans s/t bearish. Momentum is set to turn negative on Wednesday.
Trans: breaking a new historic high of 12013, settling 152pts (1.3%) to 11860. Today’s candle is rather spiky… much like Monday, and leans a little weak for Wednesday. Momentum is set to turn negative on Wednesday.
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VIX’daily3
Volatility climbed for a seventh consecutive day, the VIX settling +0.6% to 29.35. Momentum ticked higher for a sixth day, and there is ample room for another few days of upside. Resistance 30/31s, with secondary of the 35s.
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Looking ahead by 6pm EST