Monday 19 September 2022

Monday chop

US equity indexes closed broadly higher, SPX +26pts (0.7%) at 3899. Nasdaq comp' +0.8%. Dow +0.6%. The Transports settled +1.9%. R2K +0.8%.

SPX - daily

VIX - daily

Summary

US equities opened on a weak note, with the spx printing 3838... 1pt above Friday's double floor of 3837. From there... leaning upward, if very choppy. The late afternoon saw a mini ramp, with the SPX printing 3900. The setup ahead of the Fed leans bullish.

Volatility was a little mixed, the VIX printing an opening high of 27.70, but settling -2.0% to 25.76.   
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