Friday 5 February 2021

Settling positive

US equity indexes closed on a positive note, SPX +15pts (0.4%) at 3886. Nasdaq comp' +0.6%. Dow +0.3%. The Transports settled +0.6%.

sp'daily5


VIX'daily3


Summary

US equities opened on a positive note, with the SPX printing a new historic high. Price action was a little choppy, but leaning upward into the early afternoon.

Meanwhile...


... another $1.9trn for the fed to print.


... whilst the serfs are being requested to work longer hours under increasingly difficult conditions.

The late afternoon saw a little cooling from 3894, to settle at 3886.
Volatility melted lower, the VIX settling -4.1% to 20.87.
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Wintry skies


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

Goodnight from London
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