US equity indexes closed moderately mixed, sp -1pt @ 2296 (intra high 2300). The two leaders - Trans/R2K, settled +0.5% and -0.5% respectively. VIX settled -1.7% @ 10.63. Near term outlook offers continued broad upside of another 1-2% by mid Feb'.
Suffice to add, today saw another set of new historic highs, with Dow 20100s, and the sp'2300s.
VIX is naturally still very subdued, and if the market can climb into the weekly close... there is serious threat of the VIX being whacked into the 9s... last seen in Feb'2007.
Transports confirms the Dow
The 'old leader' - Transports, broke the Dec'2016 high of 9490, and thus confirming the recent new highs in the Dow/sp/nasdaq.
We've a seventh consecutive green 'elder impulse' candle, the most bullish situation since early 2013, back during the days of QE3. The tranny looks headed for 10k, whether that is by early spring.. or early summer, really makes little difference.
Goodnight from London