Friday 8 January 2021

Choppy upside into the weekend

US equity indexes closed on a positive note, SPX +20pts (0.5%) at 3824. Nasdaq comp' +1.0%. Dow +0.2%. The Transports settled +0.5%.

sp'daily5


VIX'daily3


Summary

US equities opened moderately higher, with the SPX printing a new historic high of 3824. The opening gains were shaky though, with choppy cooling into the afternoon. 

The late afternoon saw further chop, if leaning on the upward side. On any basis, it was a day... and week for the equity bulls.

Volatility was mixed, the VIX printing 23.34, but settling -3.6% to 21.56.  


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

Goodnight from London
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