A fifth week higher

US equity indexes closed the week on a positive note, sp +13pts (0.5%) at 2840. The two leaders - Trans/R2K, settled +0.4% and -0.5% respectively. Near term outlook offers another s/t rollover, as the sp'2760s remain long overdue.

sp'daily5

VIX'daily3

Summary

Yesterday's daily candles did lean for further s/t upside, and that did largely play out today. The sp' settled moderately higher, with the VIX melting lower into the weekend.

sp'weekly

The sp' saw a fifth consecutive net weekly gain, with the sp +21pts (0.8%) at 2840.

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