US equity indexes closed very significantly higher, SPX +129pts (2.5%) at 5287. Nasdaq comp’ +2.7%. Dow +2.7%. The Transports settled +1.5%. R2K +2.6%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a high of 5309, and settling +2.5% to 5287. Daily momentum has turned back to positive. S/t bullish to the 200dma… currently 5748, if ticking lower with each day.
NAS: settling +2.7% to 16300. S/t bullish to green gap… 17500s.
R2K: settling +2.6% to 187.52. Momentum is increasingly positive. S/t bullish to green gap.
Trans: settling +1.5% to 13367. Momentum is increasingly positive. S/t bullish to green gap… which will take at least 2-3 weeks.
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VIX’daily
Volatility was ground lower, the VIX settling -9.6% to 30.57. Momentum ticked lower, and is on the moderately low. I continue to seek the SPX 5700s with VIX 20s.
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Looking ahead by 6pm EDT