Friday, 8 May 2026

The 7400s

US equity indexes closed on a positive note, SPX +61pts (0.8%) at 7398. Nasdaq comp' +1.7%. Dow +0.02%. The Transports settled +0.1%. R2K +0.7%

SPX – daily


VIX – daily

Summary

US equities opened on a positive note, the SPX clawing upward to print a new hist' high of 7401, and settling at 7398. Volatility held up relative to equities, the VIX settling +0.6% to 17.19 

A fine Friday


... as the war continues

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Thursday, 7 May 2026

Net bullish Thursday

 US equity indexes closed on a weak note, SPX -28pts (0.4%) at 7337. Nasdaq comp' -0.1%. Dow -0.6%. The Transports settled -1.6%. R2K -0.9%

SPX – daily


VIX – daily

Summary

Even though Thursday settled moderately net lower, with the SPX printing a new hist' high of 7385, it should be seen as a net bullish day.

Volatility was mixed, the VIX printing a high of 17.58, but cooling back to settle -1.8% to 17.08. 


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Wednesday, 6 May 2026

Another can kick

US equity indexes closed significantly higher, SPX +105pts (1.5%) at 7365. Nasdaq comp' +2.0%. Dow +1.2%. The Transports settled +1.7%. R2K +1.5%

SPX – daily


VIX – daily


Summary

US equities opened broadly higher on news... or rather hope, of an eventual peace deal. The SPX printed a new hist' high of 7369, and settling significantly higher at 7365. 

Volatility was mixed, the VIX printing an early low of 16.87, but settling +0.1% to 17.39


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