US equity indexes closed broadly higher, SPX +40pts (1.1%) at 3662. Nasdaq comp’ +1.3%. Dow +0.6%. The Transports settled +0.3%.
sp’daily5
nasdaq comp’
transports
Summary
SPX: opening broadly higher, and pushing to break a new hist’ high of 3678. The late afternoon saw moderate cooling to settle +40pts (1.1%) to 3662. Upper bollinger is offering the low 3700s in the immediate term, although a tag of today’s opening gap appears more likely first.
NAS: breaking a new hist’ high of 12405, and settling +156pts (1.3%) to 12355… brushing against the upper bollinger.
Trans: settling +44pts (0.3%) at 12494. Today’s close is fractionally below the open, and thus a black candle, which leans s/t bearish, if only for part of Wednesday.
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VIX’daily3
VIX printed 20.00 in pre-market, and saw an early cash-market low of 20.04, and settling +1.0% to 20.77. Whilst daily momentum is still ticking back upward, its difficult not to see a VIX sustainably under the key 20 threshold within December.
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Looking ahead by 6pm EST