Monday 4 April 2022

Positive start

US equity indexes mostly closed on a positive note, SPX +36pts (0.8%) at 4582. Nasdaq comp' +1.9%. Dow +0.3%. The Transports settled -0.1%. R2K +0.2%.

SPX - daily

VIX - daily

Summary

US equities opened a little higher, with the Nasdaq pulling the rest of the market upward into the afternoon. Just over a week ago...

... and today...


... as Elon Musk has personally bought 9.2% of Twitter. Those few who still believe in freedom of speech are rightly hoping he'll buy the rest.

The afternoon saw the market continue to claw upward, with most indexes ending broadly higher. The two leaders - Trans & R2K, was notably lagging. Volatility was ground lower, the VIX settling -5.4% to 18.57. Tuesday will threaten a turnaround.


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

Goodnight from London
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