Tuesday 25 October 2022

Clawing upward

US equity indexes closed significantly higher, SPX +61pts (1.6%) at 3859. Nasdaq comp' +2.2%. Dow +1.1%. The Transports settled +1.4%. R2K +2.7%.

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, but once again clawed upward across the day. The third consecutive net daily gain for most indexes. Just another 3.5% or so until sp'4K, but that still won't be enough to negate what remains a bear market.

Volatility was ground lower, the VIX settling -4.7% to 28.46.
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    A fine autumn day


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

Goodnight from London
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