Monday 16 May 2022

Monday chop

US equity indexes closed mostly weak, SPX -15pts (0.4%) at 4008. Nasdaq comp' -1.2%. Dow +0.1%. The Transports settled -0.8%. R2K -0.5%.

SPX - daily

VIX - daily

Summary

It was a day of considerable chop, if mostly leaning on the weaker side.

Volatility was muted, the VIX settling -4.8% to 27.47.
-

Sustainably high WTIC/fuel prices aren't going to help the Transports

Awaiting the summer heat


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

Goodnight from London
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