Tuesday 17 January 2023

A tedious Tuesday

US equity indexes closed a little mixed, SPX -8pts (0.2%) at 3990. Nasdaq comp' +0.1%. Dow -1.1%. The Transports settled -0.05%. R2K -0.1%.

SPX - daily

VIX - daily

Summary

US equities began the short week in minor chop mode. Whilst the SPX did print a new multi-week high of 4015, the day was outright tedious chop. 

Volatility picked up, but the move was largely technical (old options rolling off, replaced with higher priced ones), the VIX settling +5.5% to 19.36.
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Even the days are icy

The twilight zone... of the failed state of the UK


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

Goodnight from London
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