Tuesday, 24 January 2023

A broken market

US equity indexes mostly closed a little weak, SPX -3pts (0.1%) at 4016. Nasdaq comp' -0.3%. Dow +0.3%. The Transports settled -0.8%. R2K -0.2%. 

SPX - daily

VIX - daily


US equities opened on a weak note. Within minutes... a Twitter follower noted to me that NKE was halted. A browse at the Dow'30... and something was indeed 'broken'....

NKE, 5min...

A moderately confused cheerleader

A fair number of stocks were either limit up or down, with some duly halted. Whilst it didn't take more than 10/15 minutes for things to resume 'normal service', its not a good sign.

All the bears could manage in early morning was 3989, with the SPX recovering upward to 4023, and settling a touch lower at 4016. 

Volatility remained subdued, the VIX printing 18.91, and settling -3.1% to 19.20. 

A fine... if cold, winter's day

Departing the failed state of the UK

Next full moon is Feb'5th

Bullish LEDs

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

Goodnight from London


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