Tuesday 7 December 2021

Powering upward

US equity indexes mostly closed very significantly higher, SPX +95pts (2.1%) at 4686. Nasdaq comp' +3.0%. Dow +1.4%. The Transports settled +0.2%. R2K +2.3%

SPX - daily5

VIX - daily3

Summary

US equities opened significantly higher, and built rather powerful gains into the early afternoon, with the SPX printing 4694... some 199pts above the Friday closing hour low. The late afternoon saw a little cooling, but that still made for a second day of broad gains.

Volatility was naturally ground lower, the VIX settling -19.5% to 21.89.


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

Goodnight from London
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