US equity indexes mostly closed on a positive note, SPX +8pts (0.2%) at 5477. Nasdaq comp’ +0.5%. Dow +0.04%. The Transports settled +1.5%. R2K -0.2%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a second day higher, settling +0.2% to 5477. Momentum still ticked lower, and remains prone to turning negative. S/t bears could seek orange gap.
NAS: a second day higher, settling +0.5% to 17805. Daily momentum remains fractionally negative, and the tech bulls should be mindful of a little cooling for Thurs’.
R2K: settling -0.2% to 200.09. Today’s candle is a hollow red reversal, and is suggestive the R2K will be green at some point on Thursday.
Trans: the fifth day higher of seven, settling +1.5% to 15342. Today’s candle is a little spiky on the upper side.
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VIX’daily
Volatility was ground lower for a second day, the VIX settling -2.3% to 12.55. Momentum ticked lower for a second day, prone to turning negative before the weekend. There is little reason to expect >14s until we’re on the flip side of the July 4th break.
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Looking ahead by 6pm EDT