Tuesday 27 December 2022

The final few days

US equity indexes mostly closed a little weak, SPX -15pts (0.4%) at 3829. Nasdaq comp' -1.4%. Dow +0.1%. The Transports settled -0.2%. R2K -0.6%.

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, but saw an early swing lower. Yet... all the bears could muster was a brief foray to 3813, before a rebound to 3846. The afternoon saw renewed weakness, but broadly... the price action was subdued, and outright tedious. More a case of 'post Christmas chop' than anything.

Volatility remained relatively subdued, the VIX settling +3.7% to 21.65.


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

Goodnight from London
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