US equity indexes closed significantly lower, SPX -72pts (1.6%) at 4530. Nasdaq comp' -1.5%. Dow -1.6%. The Transports settled -1.6%. R2K -1.1%
SPX - daily
VIX - daily
Summary
US equities opened in minor chop mode, and much like Wednesday, saw considerable weak leaning chop. The closing hour turned somewhat ugly, for what was a rather strong case of end month/quarter sellers.
With equities spiraling lower into end month/Q1, volatility picked up, the VIX settling +6.4% to 20.56.
For the month...
The SPX saw a net monthly gain of +156pts (3.6%) to 4530. Whilst this was above the 10MA, momentum still settled negative. Other US indexes, and other world markets fared less well.
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| Bullish English Oak |
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| March ending with Snow showers |
Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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