Monday 21 March 2022

Weak leaning chop

US equity indexes closed on a weak note, SPX -2pts (0.04%) at 4461. Nasdaq comp' -0.4%. Dow -0.6%. The Transports settled -0.8%. R2K -0.9%.

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode. The SPX printed a new bounce/cycle high of 4481, but then leaned back lower, with indexes turning broadly weak in the early afternoon. The late afternoon saw a minor rally, but all the main indexes still settled red.

Despite net equity declines, the VIX was still net lower, settling -1.4% to 23.53.
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Snowdrops... after a winter that saw no snow


The finest way to travel


Day two of spring

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

Goodnight from London
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