Monday, 14 March 2022

The bulls are so weak

US equity indexes closed broadly weak, SPX -31pts (0.7%) at 4173. Nasdaq comp' -2.0%. Dow u/c. The Transports settled -0.7%. R2K -1.9%.

SPX - daily

VIX - daily


Summary

US equities saw pre-market broad gains fade to opening chop. It didn't take long for indexes to turn negative, with the Nasdaq once again leading the way lower. The afternoon saw increasing weakness. Whilst the bears are still s/t tired, the bulls are so weak.

Volatility remains broadly elevated, the VIX settling +3.3% to 31.77.
-

Spring is near

Full moon is this Friday


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

Goodnight from London
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