US equity indexes closed rather mixed, SPX +21pts (0.4%) at 5469. Nasdaq comp’ +1.3%. Dow -0.8%. The Transports settled -0.8%. R2K -0.3%
sp’daily5
nasdaq comp’
r2k
transports
Summary
SPX: a day of considerable minor chop, if settling +0.4% to 5469. Today’s candle is spiky on the lower side from the 10MA. Daily momentum is still weakening, and prone to turning negative on Wed’ or Thurs’. Friday will be prone for fund manager ‘window dressing’ – as its end Q2/H1, and leans net positive.
NAS: settling +1.3% to 17717… as the AI-semicons bounced. Daily momentum still turned negative, and leans to a little cooling.
R2K: settling -0.3% to 200.51. Leaning s/t bearish.
Trans: settling -0.8% to 15114. Yesterday’s spiky candle from the 200dma played out. S/t bearish.
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VIX’daily
Volatility was ground lower, the VIX settling -3.7% to 12.84. Momentum ticked back lower. Monday’s black candle played out… as they usually do.
A mini spike into the 13/14s is going to be a threat, but it barely rates as anything other than ‘minor noise’.
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Looking ahead by 6pm EDT