Friday 28 October 2022

Positive end to a positive week

US equity indexes closed very significantly higher, SPX +93pts (2.5%) at 3901. Nasdaq comp' +2.9%. Dow +2.6%. The Transports settled +1.5%. R2K +2.3%.

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, but quickly built broad gains. With s/t momentum turning positive, the market just kept on climbing to build very significant gains.

Volatility was ground lower into the weekend, the VIX settling -6.0% to 25.75.
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5.18pm British Summer Time (BST), which ends Sunday 2am, Oct'30th


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

Goodnight from London
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