US equity indexes closed on a positive note, SPX +47pts (0.6%) at 7757. Nasdaq comp’ +1.3%. Dow +0.3%. The Transports settled +0.4%. R2K +1.1%
sp’daily5
nasdaq comp’
r2k – via proxy IWM
transports
Summary
SPX: settling +0.6% to 7757, the fourth close above the old hist’ high of 7620. Momentum is still increasingly positive. The 7800s are clearly due.
NAS: settling +1.3% to 26690. Thursday’s hollow red reversal candle played out. A new hist’ high >27K appears due.
R2K: settling +1.1% to 301.56.
Trans: settling +0.4% to 21506. Momentum prone to turning positive next week.
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VIX’daily
Volatility was ground lower for the sixth day of seven, the VIX settling -1.6% to 14.90. Momentum is on the low side, but it could remain that way into mid September.
VIX weekly
The VIX was lower for a third week, -6.8%
Weekly momentum weakened a little more.
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A little more… by 6pm EDT