Tuesday 9 March 2021

Nasdaq leading the way

US equity indexes closed broadly higher, SPX +54pts (1.4%) at 3875. Nasdaq comp' +3.7%. Dow +0.1%. The Transports settled +0.5%.

SPX - daily5

VIX - daily3

Summary

US equities opened broadly higher, lead by the Nasdaq. Indeed, having the way down, the Nasdaq is appropriately leading the way back up.

The afternoon saw the SPX breaking above s/t declining trend to 3903, and its highly suggestive to last Thursday being a key low of 3723.  

Volatility was naturally subdued, the VIX settling -5.6% to 24.03.

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The twilight zone of London


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Goodnight from London
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