Monday 23 May 2022

Starting positive

US equity indexes closed very significantly higher, SPX +72pts (1.9%) at 3973. Nasdaq comp' +1.6%. Dow +2.0%. The Transports settled +2.0%. R2K +1.2%.

SPX - daily

VIX - daily

Summary

US equities opened broadly positive. The gains were very shaky though, with the SPX coming close to turning red. There was a secondary push upward into the early afternoon.

Meanwhile...


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The afternoon saw considerable chop, if leaning on the upward side.

Volatility cooled back, if remaining elevated, the VIX settling -3.2% to 28.48.


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

Goodnight from London
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