Tuesday 8 November 2022

A mixed Tuesday

US equity indexes mostly closed moderately higher, SPX +21pts (0.6%) at 3828. Nasdaq comp' +0.5%. Dow +1.0%. The Transports settled +0.8%. R2K +0.03%.

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, but rather impressively built significant gains into the early afternoon. The SPX printed 3859, with the market seeing a brief washout to 3786, dragged lower by an implosion in bitcoin.

The mid/late afternoon saw another push upward, with all the main indexes settling net higher to some degree.

Volatility remained subdued, the VIX settling +4.9% to 25.54.
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Just another day of sunshine and showers


No blood moon for the UK/Europe

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

Goodnight from London
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