Thursday 29 April 2021

Just another new historic high

US equity indexes closed on a positive note, SPX +28pts (0.7%) at 4211. Nasdaq comp' +0.2%. Dow +0.7%. The Transports settled +0.9%.

SPX - daily5

VIX - daily3

Summary

US equities opened on a moderately positive, and it was enough for the SPX and Nasdaq comp' to print new historic highs. The opening gains were shaky though, with most indexes turning negative... if fractionally and briefly.

The afternoon saw a secondary swing upward, with the SPX settling at 4211, a level that many would have considered out of range for April, just a month or two ago.

Volatility was itself subdued, the VIX settling +1.9% to 17.61. Another weekly close under the key 20 threshold appears due.  
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English Bluebells




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Goodnight from London
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