Tuesday, 22 March 2022

A positive Tuesday

US equity indexes closed broadly higher, SPX +50pts (1.1%) at 4511. Nasdaq comp' +1.9%. Dow +0.7%. The Transports settled +0.9%. R2K +0.9%.

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, and built significant gains into late morning. The afternoon saw increasing chop, if still leaning on the upward side, the SPX printing 4522, the highest since Feb'11th.

Volatility was subdued, the VIX settling -2.5% to 22.94. Regardless of tomorrow, equity bears should be looking to Thursday.
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To the moon?


Day three of spring

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

Goodnight from London
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