Friday 29 July 2022

A distinctly positive July

US equity indexes closed very significantly higher, SPX +58pts (1.4%) at 4130. Nasdaq comp' +1.9%. Dow +1.0%. The Transports settled +2.3%. R2K +0.7%.

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, with the market battling upward into the early afternoon.

Meanwhile...


... as the communists aren't pleased Ms. Pelosi wants to visit the country of Taiwan.

The afternoon saw equities continue to claw upward, for what was a distinctly positive July

Volatility was naturally subdued into end month, the VIX settling -4.5% to 21.33.


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

Goodnight from London
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