Monday 7 November 2022

Pre-Election upside

US equity indexes closed broadly higher, SPX +36pts (1.0%) at 3806. Nasdaq comp' +0.8%. Dow +1.3%. The Transports settled +2.0%. R2K +0.5%.

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, but the gains were shaky from the start, with most indexes turning marginally negative.

Meanwhile...

$69 and $4.20, with those numbers, I have to wonder if Elon Musk is secretly running Foxconn?

Video of the Cramer and Ms. Yoon...


Mr Robot understood what Apple has done...


"... is it that we collectively thought Steve Jobs was a great man, even when we knew he made billions off the backs of children... the world itself is just one big hoax."
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The afternoon saw considerable chop, if leaning on the positive side.

Volatility was muted, the VIX settling -0.8% to 24.35.


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

Goodnight from London
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