Wednesday 12 October 2022

Midweek chop

US equity indexes mostly closed a little weak, SPX -11pts (0.3%) at 3577. Nasdaq comp' -0.1%. Dow -0.1%. The Transports settled +0.6%. R2K -0.3%.

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, but the gains were shaky from the start, with indexes turn marginally negative. The market effectively entered a holding pattern ahead of Thursday's CPI, which is going to shape how we trade into the weekend.

Volatility was mixed, the VIX printing a new cycle high of 34.53, if settling -0.2% to 33.57.


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

Goodnight from London
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