Wednesday, 30 November 2022

November settles

US equity indexes closed rather powerfully higher, SPX +122pts (3.1%) at 4080. Nasdaq comp' +4.4%. Dow +2.2%. The Transports settled +1.9%. R2K +2.7%. 

SPX - daily

VIX - daily


US equities opened in minor chop, if leaning a little weak ahead of the Powell...

The market spiked on the latest fedspeak nonsense, the SPX printing a new cycle high to settle at 4080, which does massive damage to the short and mid term bearish case.

Volatility was mixed, the VIX printing 22.63, but settling -6.0% to 20.58.

Peak cranes... is generally not a bullish economic sign

The sun sets on November

Full moon will be Dec'7th

Extra charts in AH (usually around 5pm EST) @

Goodnight from London

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