Friday 21 October 2022

A contrast to last Friday

US equity indexes closed very significantly higher, SPX +86pts (2.4%) at 3752. Nasdaq comp' +2.3%. Dow +2.5%. The Transports settled +2.1%. R2K +2.2%.

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, but picked a direction, and it was to the upside. The SPX powered upward into the late afternoon, printing 3757 and settling at 3752. Today's price action was a pretty stark contrast to last Friday.

Volatility was ground lower into the weekend, the VIX settling -1.0% to 29.69.


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

Goodnight from London
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