US equity indexes mostly closed higher, SPX +42pts (0.9%) at 4589. Nasdaq comp' +0.5%. Dow +0.6%. The Transports settled +0.8%. R2K -1.0%.
SPX - daily
VIX - daily
Summary
US equities opened positive, but the gains were shaky from the start, with most indexes turning negative. There was once again a secondary wave upward into late afternoon.
Volatility was ground lower across the day. However, with SPOT, FB, and QCOM earnings spooking the market in AH, the VIX settled (as is usual at 4.15pm EST) +0.6% to 22.09.
Tomorrow is a Thursday, and with monetary decisions due from the ECB and BoE, the setup especially favours the equity bears.
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| Golden sunshine... to end a day of mostly grey horror |
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| A colourful twilight zone |
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Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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