Wednesday 16 November 2022

Weak leaning chop

US equity indexes closed broadly lower, SPX -32pts (0.8%) at 3958. Nasdaq comp' -1.5%. Dow -0.1%. The Transports settled -2.1%. R2K -1.8%.

SPX - daily

VIX - daily

Summary

Equities opened on a choppy, if mostly weak note, and remained that way into the early afternoon. The late afternoon saw further weakness to break a new intraday low of 3954. Its notable that the two leaders - Trans & R2K, were both very significantly lower, which bodes s/t bearish for the headline indexes of Dow, SPX, and Nasdaq.

Volatility was muted, the VIX settling -1.7% to 24.11.
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Artemis... to the moon

Looking back... home

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

Goodnight from London
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