US equity indexes closed on a positive note, SPX +20pts (0.3%) at 6466. Nasdaq comp’ +0.1%. Dow +1.0%. The Transports settled +1.4%. R2K +2.0%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: new hist’ high of 6480, and settling +0.3% to 6466. Daily momentum has turned positive. RSI 67s… not yet overbought.
NAS: new hist’ high of 21803, if cooling back to settle +0.1% to 21713. Today’s candle is black, leans s/t bearish, if only for part of Thurs’
R2K: a second day higher, settling +2.0% to 231.33. Momo has turned positive.
Trans: a second day higher, settling +1.4% to 15856. Daily momo prone to turning positive on Thurs’.
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VIX’daily
Volatility was ground lower, the VIX settling -1.6% to 14.49. Daily momentum is marginally negative. The default is to expect the VIX to remain subdued… all the way into Labor day.
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Looking ahead by 6pm EDT