US equity indexes closed mixed, SPX +3pts (0.05%) at 6836. Nasdaq comp’ -0.2%. Dow +0.1%. The Transports settled +1.7%. R2K +1.3%
sp’daily5
nasdaq comp’
r2k – via proxy IWM
transports
Summary
SPX: an early low of 6794, bouncing to 6881, and settling +0.05% to 6836. Daily momentum ticked a little lower, with zero sign of a s/t floor.
NAS: settling -0.2% to 22546. Daily momo remains negative.
R2K: settling +1.3% to 262.88. Daily momo remains negative.
Trans: settling +1.7% to 19343. Daily momentum prone to turning negative next Tuesday.
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VIX’daily
An early high of 22.40, cooling to 18.92, and settling -1.1% to 20.60. Daily momentum ticked upward, with no sign of a s/t ceiling/turn.
VIX weekly
The sixth net weekly gain of seven, net higher by +16.0%. Weekly momentum ticked a little higher.
Some grander perspective…
Monthly momentum has turned positive, and should be a concern to the s/t equity bulls.
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A little more… by 6pm EST