Monday, 17 October 2022

Bullish start

US equity indexes closed very significantly higher, SPX +94pts (2.6%) at 3677. Nasdaq comp' +3.4%. Dow +1.9%. The Transports settled +2.4%. R2K +3.2%

SPX - daily

VIX - daily

Summary

US equities opened significantly higher, and built rather powerful gains in morning. From there... broad chop across the day, with a micro double top of 3689.

Volatility cooled, if remaining elevated, the VIX settling -2.0% to 31.37.
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Goodnight from London
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