Tuesday 8 February 2022

Choppy upside

US equity indexes closed on a broadly positive note, SPX +37pts (0.8%) at 4521. Nasdaq comp' +1.3%. Dow +1.1%. The Transports settled +1.1%. R2K +1.7%.

SPX - daily

VIX - daily

Summary

US equities opened choppy, leaning on the weaker side. The bears could only manage 4465, before a push upward into the late afternoon to 4531, and settling at 4521. Volatility was subdued, the VIX settling -6.2% to 21.44. 

Regardless of Wednesday, I'd keep in mind Thursday will see the latest CPI data. If it comes in hotter than expected, Mr Market will see more red boxes than green. 
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More good work from Max ...


... with a bonus appearance from Thrawn. Disney will issue earnings Wed' AH


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

Goodnight from London
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