US equity indexes closed on a positive note, SPX +43pts (0.6%) at 6878. Nasdaq comp’ +0.5%. Dow +0.5%. The Transports settled +0.7%. R2K +1.1%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a third day higher, settling +0.6% to 6878. Daily momentum due to turn positive on Tuesday. RSI 57s
NAS: a third day higher, settling +0.5% to 23428. Today’s candle is a black doji, and suggestive that Tuesday will be red… if briefly/marginally. RSI 54s
R2K: a third day higher, settling +1.1% to 253.64. RSI 59s
Trans: a third day higher, settling +0.7% to 17679. RSI 72s is overbought.
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VIX’daily
Volatility was ground lower for a third consecutive day, the VIX settling -5.6% to 14.08. Daily momentum is marginally negative.
The default is to expect a subdued VIX into January.
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Looking ahead by 6pm EST