US equity indexes mostly closed a little higher, SPX -2pts (0.1%) at 3666. Nasdaq comp’ +0.2%. Dow +0.3%. The Transports settled +0.3%.
sp’daily5
nasdaq comp’
transports
Summary
SPX: considerable minor chop, breaking a new hist’ high of 3682 in the closing hour, then a mini collapse to 3657, and settling -2pts (0.1%) to 3666. Daily momentum ticked lower, and threatens to turn negative next Monday.
NAS: breaking a new historic high of 12439, and settling +27pts (0.2%) to 12377. Yesterday’s reversal candle played out. Despite today’s gain, daily momentum did tick lower, as the market is s/t tired.
Trans: settling +44pts (0.3%) to 12587. Today’s candle is a little spiky, and leans a little weak for part of Friday, when momentum is prone to turning negative.
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VIX’daily3
Volatility remained subdued, the VIX seeing a closing hour high of 21.88, and settling +0.5% to 21.28. Daily momentum continues to tick upward, and will be prone to turning positive within 1-2 days (an appropriate mirror to the SPX). I would note the upper bollinger in the 26s, soon to act as first resistance in the 24/23s.
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Looking ahead by 6pm EST