Tuesday 29 November 2022

China concerns

US equity indexes closed somewhat mixed, SPX -6pts (0.2%) at 3957. Nasdaq comp' -0.6%. Dow +0.01%. The Transports settled +1.6%. R2K +0.3%.

SPX - daily

VIX - daily


US equities opened in micro chop mode. There was a vain push to 3976, but then a rather strong swing lower to 3937, as the market remains concerned about Apple production - via Foxconn, in communist China...



Dore on the increasingly rowdy, upset, and angry Chinese populace.

The afternoon saw considerable minor chop, if leaning a little back upward. 

Volatility was a little mixed, the VIX printing 22.57, but settling -1.4% to 21.89. 

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

Goodnight from London


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