Friday 12 November 2021

Positive end to a negative week

US equity indexes closed on a positive note, SPX +33pts (0.7%) at 4682. Nasdaq comp' +1.0%. Dow +0.5%. The Transports settled +0.3%. R2K +0.1%

SPX - daily5

VIX - daily3

Summary

US equities opened a little higher, and after some initial shaky gains, the market battled upward to build moderate gains.

Meanwhile, the testing continued...

Another milestone for SpaceX. Six engines test fired.


The afternoon saw considerable micro chop, with a closing hour micro spike to 4688, and settling at 4682. Thursday's black SPX candle failed to play out. Volatility cooled into the weekend, the VIX settling -7.8% to 16.29, as the mainstream had few concerns ahead of the weekend.
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Darkening skies... into the Dark Winter

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

Goodnight from London
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