Tuesday 3 May 2022

Battling upward

US equity indexes closed on a positive note, SPX +20pts (0.5%) at 4175. Nasdaq comp' +0.2%. Dow +0.2%. The Transports settled +1.1%. R2K +0.8%

SPX - daily

VIX - daily


Summary

US equities opened on a positive note, the SPX pushing to 4200, if seeing some cooling into the mid afternoon, to turn fractionally and briefly negative to 4152. The late afternoon saw a few moderate swings.

Volatility was ground lower for a second day, the VIX settling -9.5% to 29.25. A post FOMC/Powell spike toward the 4400s appears on track.


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

Goodnight from London
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