Thursday 6 May 2021

Moderate swings

US equity indexes closed on a positive note, SPX +34pts (0.8%) at 4201. Nasdaq comp' +0.4%. Dow +0.9%. The Transports settled +0.5%.

SPX - daily5

VIX - daily3

Summary

US equities opened choppy, if leaning on the weaker side. Wednesday's daily reversal candles in both the SPX and VIX played out, with the SPX cooling to 4147. Equities rebounded rather strongly into the early afternoon to 4186, saw a little chop, and ending with a mini ramp into the close, settling at 4201.

Volatility was mixed, the VIX printing 20.60, but cooling back to settle -4.0% to 18.39.
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Another day closer to summer 2021

... and night must fall once more.


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

Goodnight from London
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