Monday 15 March 2021

Positive leaning chop

US equity indexes closed on a broadly positive note, SPX +25pts (0.6%) at 3968. Nasdaq comp' +1.0%. Dow +0.5%. The Transports settled +0.6%.

SPX - daily5

VIX - daily3

Summary

US equities opened in minor chop mode, and remained that way into the early afternoon. 

Meanwhile...

Elon Musk letting the SEC know that he also wants to be known as 'Tecnoking', with his CFO as the 'Master of Coin'. When your net worth is tens of billions, what else might you do for personal entertainment, other than trolling the SEC, and capturing even more mainstream attention?

The late afternoon saw a distinct swing upward, with most of the main indexes breaking new historic highs.

Volatility was subdued, the VIX settling -3.2% to 20.03, reflective of a very comfortable mainstream.
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After the sunset

The twilight zone


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

Goodnight from London
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