Thursday 6 January 2022

A very weak bounce

US equity indexes mostly closed on a weak note, SPX -4pts (0.1%) at 4696. Nasdaq comp' -0.1%. Dow -0.5%. The Transports settled +0.01%. R2K +0.6%.

SPX - daily

VIX - daily

Summary

US equities opened choppy, saw some cooling to sp'4671, bounced to 4725, with renewed cooling in the late afternoon, to settle fractionally lower at 4696.

Volatility was choppy, the VIX settling -0.6% to 19.61. Friday will see the monthly jobs data, and regardless of the data, the setup leans problematic into the weekend.
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The first SpaceX launch of 2022

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

Goodnight from London
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