US equity indexes mostly closed significantly higher, SPX +81pts (1.2%) at 6967. Nasdaq comp' +2.0%. Dow +0.7%. The Transports settled +2.0%. R2K +1.3%
SPX - daily
VIX - daily
Summary
US equities opened moderately higher, and climbed across the day to 6969, and settling sig' higher at 6967. We've climbed 652.51pts (10.3%) from 6316 to 6969 across eleven trading days.
Volatility was lower for the ninth day of eleven, the VIX printing a new cycle low of 17.89, and settling -4.0% to 18.36.
US equity indexes closed broadly higher, SPX +69pts (1.0%) at 6886. Nasdaq comp' +1.2%. Dow +0.6%. The Transports settled +2.5%. R2K +1.4%
SPX - daily
VIX - daily
Summary
Equities opened weak, but all the bears could manage was 6790. There was an opening reversal, clawing upward into the late afternoon to 6887, and settling at 6886.
Volatility reversed from an opening high of 20.77, settling -0.6% to 19.12. -
It was a bullish week for US
equity indexes, with net weekly gains ranging from +6.5% (Trans), +4.7% (Nasdaq comp'), +4.0% (R2K), +3.6% (SPX), +3.0% (Dow), to +2.4% (NYSE comp').
Lets take our regular look at six of the main US
indexes (monthly candle charts)
sp'500
Nasdaq comp'
Dow
NYSE comp'
R2K
Trans
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Summary
All six US equity indexes were net higher for the week.
The 'old leader' - Transports, lead the way up, whilst the NYSE comp' laggard.
The Transports broke a new historic high.
More broadly, all six US equity indexes are trading above their respective monthly 10MA.
The SPX, Nasdaq comp', and Dow, have negative monthly momentum.
