Tuesday, 22 November 2022

Tuesday strength

US equity indexes closed significantly higher, SPX +53pts (1.4%) at 4003. Nasdaq comp' +1.4%. Dow +1.2%. The Transports settled +0.3%. R2K +1.1%.

SPX - daily

VIX - daily

Summary

US equities opened on a positive note. The gains were shaky, but all the bears could manage was some cooling to 3956, before a secondary push upward that stretched into the late afternoon. Today's close >4K was significant, and offers the 200dma, currently at 4062.

Volatility continues to be ground lower, the VIX settling -4.8% to 21.29.
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Goodnight from London
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