US equity indexes closed significantly higher, SPX +72pts (1.1%) at 6445. Nasdaq comp’ +1.4%. Dow +1.1%. The Transports settled +3.0%. R2K +3.0%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: printing a new hist’ high of 6446, and settling +1.1% to 6445. Momentum ticked upward, and is due to turn positive at the Wed’ open. RSI 66s… not yet overbought.
NAS: printing a new hist’ high of 21689, and settling +1.4% to 21681. Momentum has turned positive. RSI 70s… overbought.
R2K: settling +3.0% to 226.79… a new multi-month high. Next resistance are the Feb’ 229s.
Trans: settling +3.0% to 15636… on higher vol of 210M. Today’s close above the 10 and 200dma. Next resistance… 16100s.
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VIX’daily
Volatility was ground lower, the VIX settling -9.3% to 14.73. Today’s candle is bearish engulfing, and suggestive of a lower low on Wed’… aka… bullish equities.
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Looking ahead by 6pm EDT