VIX and Index update

US equity indexes mostly closed significantly higher, sp +41pts (1.2%) at 3550. Nasdaq comp’ -1.5%. Dow +2.9%. The Transports settled +2.5%.

sp’daily5

nasdaq comp’

transports

Summary

SPX: breaking a new hist’ high of 3645, and settling +41pts (1.2%) to 3550. Today’s candle is black and VERY spiky, and leans s/t bearish, at least for part of Tuesday.

NAS: breaking a new hist’ high of 12108, but settling -181pts (1.5%) to 11713. Today’s candle is of the bearish engulfing type, and leans distinctly s/t bearish.

Trans: breaking a new hist’ high of 12379, and settling +285pts (2.5%) to 11900. Today’s black spiky candle leans s/t bearish… at least for part of Tuesday.

VIX’daily3

It was a mixed day for the VIX, breaking a new cycle low of 22.41, but with equities cooling into the close, settling +3.6% to 25.75. Today’s candle is very spiky on the lower side, and leans toward s/t upside.

Looking ahead by 6pm EST