US equity indexes closed on a broadly weak note, sp -19pts (0.6%) at 2984. Nasdaq comp' -0.5%. Dow -0.4%. The two leaders - Trans/R2K, settled -3.6% and -0.7% respectively.
Whilst the broader market leaned weak, the Transports was powerfully lower on Wednesday, dragged lower by CSX. The irony is that the double miss in EPS/Rev' was only marginal, earnings weren't that bad. The closing hour saw equities break a new intraday low, and that was before the massive miss in Netflix subscriber growth!
Volatility remains subdued, with the VIX settling 8.6% at 13.97. The s/t cyclical setup favours the bulls, although the bigger daily equity and VIX cycles both threaten sig' downside into next week.
Extra charts in AH (usually around 7pm EDT) @
Goodnight from London
If you value my work, subscribe to my intraday service.
details and the latest offers, see: permabeardoomster.com