Thursday, 12 March 2026

Typically red Thursday

US equity indexes closed significantly lower, SPX -103pts (1.5%) at 6672. Nasdaq comp' -1.8%. Dow -1.6%. The Transports settled -3.0%. R2K -2.2%

SPX - daily


VIX - daily


Summary

Equities opened broadly lower, and whilst there were a few bounce attempts, the day settled near the lows. Volatility picked up, the VIX settling +12.6% to 27.29. 




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Wednesday, 11 March 2026

No downside power

US equity indexes mostly closed on a weak note, SPX -5pts (0.1%) at 6775. Nasdaq comp' +0.1%. Dow -0.6%. The Transports settled -0.7%. R2K -0.2%

SPX - daily


VIX - daily


Summary

US equities saw a day of considerable weak leaning chop, the SPX printing a low of 6745, and settling fractionally lower at 6775, as the equity bear lacked any downside power.  

Volatility was a little mixed, the VIX settling -2.8% to 24.23.
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Bullish green shoots


A fine day




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Tuesday, 10 March 2026

Tuesday swings

US equity indexes mostly closed on a weak note, SPX -14pts (0.2%) at 6781. Nasdaq comp' +0.01%. Dow -0.1%. The Transports settled -0.9%. R2K -0.2% 

SPX - daily



VIX - daily




Summary

US equities saw a morning low of 6759, before a pretty standard turnaround to the upside... printing 6845, and cooling back to settle marginally lower at 6781.

Volatility was ground lower for a second day, the VIX settling -2.2% to 24.93 
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Magnolias


Bullish construction


A distinct chill

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