Friday 29 April 2022

Ugly end to an ugly month

US equity indexes closed powerfully lower, SPX -155pts (3.6%) at 4131. Nasdaq comp' -4.2%. Dow -2.8%. The Transports settled -3.0%. R2K -2.8%.

SPX - daily

VIX - daily

Summary

US equities opened broadly lower. There were repeated bounce attempts... but all failed, with the SPX spiraling lower into the afternoon.

Meanwhile (and yes, I'll dare highlight myself)...


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The late afternoon broke a new low for the month, for what was about as bearish an end to a month as you'll ever see.

The VIX picked up, settling +11.4% to 33.40.
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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