Monday 22 November 2021

Reversal from a historic high

US equity indexes closed very mixed, SPX -15pts (0.3%) at 4682. Nasdaq comp' -1.3%. Dow +0.05%. The Transports settled +1.3%. R2K -0.4%.

SPX - daily5

VIX - daily3


Summary

US equities began Thanksgiving week on the most bullish note possible, with the SPX breaking a new historic high of 4743. 

 

Cruising to new historic highs

However, there was some distinct cooling to 4700. The afternoon saw a secondary wave higher, but remaining under the morning high. The closing hour was pretty ugly, with a rather significant downside reversal to settle at 4682.

Volatility saw a late morning high of 19.03, was ground lower to the 17s, but with equities spiraling into the close, the VIX settled +7.0% to 19.17.
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In memory of player 67

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Goodnight from London
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