Wednesday 21 April 2021

Midweek rebound

US equity indexes closed broadly higher, SPX +38pts (0.9%) at 4173. Nasdaq comp' +1.2%. Dow +0.9%. The Transports settled +1.0%.

SPX - daily5

VIX - daily3

Summary

US equities opened a little choppy, leaning on the weaker side, but all the bears could muster was sp'4126, before reversing upward. The market battled higher into the mid afternoon, settling on a broadly positive note to 4173.. just 18pts (0.4%) shy of last Friday's historic high.

Volatility opened to 19.29, but with equities rebounding, the VIX was ground lower, settling -6.3% to 17.50.
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Moderately photoshopped


Full moon... April 26th


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

Goodnight from London
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