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’60min
Summary
closing hour action: leaning upward to break a new hist’ high of 3682, but then a sporadic micro collapse to break a new intraday low of 3657.
*awaiting earnings from MRVL, DOCU, and SWBI
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… and that concludes Thursday. It was a pretty sleepy day (until the last 30 minutes), but the market still managed a new historic high. All that remains missing for the equity bulls… is a sub 20 VIX.
The closing candle is of the bearish engulfing type, and leans s/t bearish for the Friday open. Orange gap support 3621.
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notable stock: AMD
Just some sporadic cooling, from yesterday’s hist’ high.
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notable stock: UAL
Powerful gains, clearing the June high. Next resistance is not until around $70.
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notable stock: CCL
Yesterday’s bullish engulfing candle played out. Soft target remain the June $25s. After that, its open air to the $35s.
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Here, it was a day of grey rainy horror, with the freeway partly flooded, it was an excuse to stay inside. Have a good evening
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more later on the VIX and Indexes by 6pm EST