Tuesday 15 March 2022

Bouncing ahead of the Fed

US equity indexes closed very significantly higher, SPX +89pts (2.1%) at 4262. Nasdaq comp' +2.9%. Dow +1.8%. The Transports settled +2.6%. R2K +1.5%.

SPX - daily

VIX - daily

Summary

US equities opened moderately higher. Whilst the gains were shaky, the market saw a secondary push upward into the afternoon.

Meanwhile...


Unleaded gasoline: 163.9 pence per liter, x 3.785 (liter> US gallon) x 1.3045 (GBP >USD) = $8.09. Diesel works out at $8.59.

The late afternoon saw considerable chop, with the market managing to settle very significantly higher. Volatility cooled, the VIX settling -6.1% to 29.83.
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Spring Magnolias


Hawthorn


Very hazy late winter skies

 

Full moon is this Friday... for quad-opex.

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

Goodnight from London
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