Monday 14 November 2022

Red ahead of Retail

US equity indexes closed broadly lower, SPX -35pts (0.9%) at 3957. Nasdaq comp' -1.1%. Dow -0.6%. The Transports settled -0.1%. R2K -1.1%. 

SPX - daily

VIX - daily

Summary

US equities opened a little weak, but it didn't take long for most indexes to turn positive. The market saw considerable chop into the mid afternoon. The late afternoon saw some distinct cooling, ahead of Tuesday's retail earnings from Walmart and Home Depot.

Volatility picked up a little, the VIX settling +5.4% to 23.73.


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

Goodnight from London
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