Monday 14 February 2022

Shaky market

US equity indexes mostly closed lower,  SPX -17pts (0.4%) at 4401. Nasdaq comp' u/c. Dow -0.5%. The Transports settled +0.8%. R2K -0.3%. 

SPX - daily

VIX - daily


Summary

US equities opened choppy, and that continued into the early afternoon. Yet another Russia/Ukraine headline saw the SPX slide from 4426 to 4364. The late afternoon saw a recovery, but really... it remains a distinctly shaky market.

Volatility picked up, the VIX printing 32.04, if cooling back to settle +3.5% to 28.33. The s/t cyclical setup favours the equity bulls... if only a day or two. 
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Full moon is Wednesday.

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

Goodnight from London
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