US equity indexes closed somewhat mixed, SPX +8pts (0.2%) at 4305. Nasdaq comp' -0.2%. Dow +0.7%. The Transports settled +0.7%. R2K -0.04%.
SPX - daily
VIX - daily
Summary
US equities opened in minor chop mode, but the SPX resumed upward to print 4325... just 1pt shy of the daily 200MA... but hitting the monthly 10MA.
Meanwhile...
 |
| Biden signs off on the Inflation Reduction Act. |
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There was a little cooling from the 200dma, but nothing of any significance. Certainly nothing to give us any clear sign of a s/t ceiling/turn.
Volatility remained subdued, the VIX settling -1.3% to 19.69.
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Goodnight
from London
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