Wednesday 4 January 2023

Midweek swings

US equity indexes closed on a positive note, SPX +28pts (0.7%) at 3852. Nasdaq comp' +0.7%. Dow +0.4%. The Transports settled +1.7%. R2K +1.2%.

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, but once again the gains were pretty shaky, with indexes turning negative to 3815. There was a secondary push upward to 3873, but even this was reversed in the afternoon to 3827, with a late day mini ramp to settle at 3852.

Volatility was ground lower, the VIX settling -3.9% to 22.01. 

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Mostly... January gloom, mostly.


Full moon... January 6th


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

Goodnight from London
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