Thursday 18 April 2024

Still struggling

US equity indexes closed a little mixed, SPX -11pts (0.2%) at 5011. Nasdaq comp' -0.5%. Dow +0.1%. The Transports settled -0.3%. R2K -0.1%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode. The SPX clawed to 5056.66, but then leaned weak to print a new cycle low of 5001, and settling at 5011. Volatility remained elevated, the VIX settling -1.1% at 18.00.


 

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Wednesday 17 April 2024

Testing 5000

US equity indexes closed on a weak note, SPX -29pts (0.6%) at 5022. Nasdaq comp' -1.1%. Dow -0.1%. The Transports settled -1.7%. R2K -1.1%

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, but once again... for the fifth time in ten days, equities saw a rather ugly downside reversal. The SPX broke a new cycle low of 5007, an effective test of giant psy' 5K. From mid afternoon.. a vain bounce attempt, settling at 5022.

Volatility remained elevated, the VIX 19.11, if cooling back to settle -1.0% to 18.21.

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Tuesday 16 April 2024

Lower lows, lower highs

US equity indexes mostly closed a little weak, SPX -10pts (0.2%) at 5051. Nasdaq comp' -0.1%. Dow +0.2%. The Transports settled -0.9%. R2K -0.3%

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, as pre-market moderate gains failed to hold. The SPX leaned weak, printing a new cycle low of 5039, and settling at 5051. Volatility remained elevated, the VIX printing 19.45, if cooling back to settle -4.3% to 18.40. 


Extra charts in AH (usually around 5pm EDT) @ https://twitter.com/Trading_Sunset

Goodnight from London
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