Climbing into the weekend

US equity indexes closed significantly higher, SPX +59pts (1.1%) at 5459. Nasdaq comp' +1.0%. Dow +1.6%. The Transports settled +1.7%%. R2K +1.7%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, and whilst the gains were a little shaky, the market kept leaning back upward. The SPX built very significant gains, printing 5488, and settling at 5459.

Volatility was (rather naturally) ground lower into the the weekend, VIX settling -11.2% to 16.39.
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19c/66f... bearable.

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

Goodnight from London
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A dynamic Thursday

US equity indexes closed very mixed, SPX -27pts (0.5%) at 5399. Nasdaq comp' -0.9%. Dow +0.2%. The Transports settled +1.3%. R2K +1.2%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, but it didn't take long for the SPX to lean moderately weak to break a new cycle low of 5390. However, there was a rather powerful upside reversal, printing 5491, but cooling back to settle at 5399.

Volatility was very mixed, the VIX printing a new cycle high of 19.36, cooling back to 16.42, and settling +2.3% to 18.46.

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

Goodnight from London
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Bearish midweek

US equity indexes closed very significantly lower, SPX -128pts (2.3%) at 5427. Nasdaq comp' -3.6%. Dow -1.2%. The Transports settled -1.2%. R2K -2.1%

SPX - daily

VIX - daily

Summary

US equities opened significantly higher. Early price action wasn't pretty, with every bounce attempt failing. The SPX fell into the late afternoon, printing 5419, and settling at 5427.

Volatility picked up, the VIX printing 18.46, and settling +22.5% to 18.04.

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

Goodnight from London
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If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com