Thursday 12 January 2023

A green CPI Thursday

US equity indexes closed on a positive note, SPX +13pts (0.3%) at 3983. Nasdaq comp' +0.6%. Dow +0.6%. The Transports settled +0.7%. R2K +1.7%.

SPX - daily

VIX - daily

Summary

US equities saw a fair few swings in pre-market, with the latest inflation data...


Equities opened choppy... printing a new cycle high of 3981, but swung lower to 3937. From there... upside into the mid afternoon to 3997, with a little late day cooling to settle +0.3% at 3983.

With the uncertainty of the CPI data out of the way, the VIX was ground lower, settling -10.7% to 18.83.
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The twilight zone


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

Goodnight from London
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