US equity indexes closed on a positive note, sp +14pts (0.4%) at 3581. Nasdaq comp’ +0.9%. Dow +0.15%. The Transports settled +0.02%.
sp’daily5
nasdaq comp’
transports
Summary
SPX: an opening low of 3543, but battling upward to 3585, and settling +14pts (0.4%) to 3581. The s/t cyclical setup favours the bulls for early Friday, although nothing significant/sustained could be expected this side of OPEX.
NAS: settling +103pts (0.9%) to 11904. Upper bollinger is offering new historic highs in the 12200s next week.
Trans: settling +3pts (0.02%) to 12351. The s/t cyclical setup leans positive, although OPEX will be inclined for broad chop.
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VIX’daily3
VIX saw an opening high of 24.52, but with equities recovering into the late afternoon, the VIX settled -3.1% to 23.11. OPEX will lean to broad equity chop, and on balance, VIX could be expected to get knocked lower into the weekend.
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Looking ahead by 6pm EST