US equity indexes closed broadly weak, SPX -23pts (0.5%) at 4326. Nasdaq comp' -1.4%. Dow -0.02%. The Transports settled -1.4%. R2K -2.3%.
SPX - daily
VIX - daily
Summary
US equities open significantly higher, with the SPX pushing to 4428. However, the gains were always shaky, with indexes turning negative in early afternoon. The late afternoon saw broad weakness to 4309, and settling at 4326. Volatility was once again mixed, swinging from 28.42 to 33.00, and settling -4.6% to 30.49.
With just two trading days left of January, I would suggest any of you to go stare at this for a good hour...
SPX, monthly
Bearish engulfing monthly candle.
January due to settle under the key monthly 10MA
Monthly momentum set to turn negative at the Tuesday Feb'1st open.
If you're not hearing alarm bells (currently via the Nasdaq and R2K), you're not paying attention.
-
 |
| Moderately busy skies |
 |
| A fine winter's day |
Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
--
If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com
