Monday, 31 January 2022

January settles

US equity indexes closed significantly higher, SPX +83pts (1.9%) at 4515. Nasdaq comp' +3.4%. Dow +1.2%. The Transports settled +1.5%. R2K +3.0%

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, but the buyers did appear, and with some short covering, the market ended the month on a distinctly positive note. Volatility was naturally ground lower, the VIX settling -10.2% to 24.83.

Despite Monday's gains... it was still a month for the bears...


The SPX was net lower by -5.3%, the worse month since March 2020.


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

Goodnight from London
--

 

If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com