Friday 27 January 2023

Upside into the weekend

US equity indexes closed on a positive note, SPX +10pts (0.25%) at 4070. Nasdaq comp' +0.9%. Dow +0.1%. The Transports settled +1.3%. R2K +0.5%.

SPX - daily

VIX - daily

Summary

US equities opened a little weak, but all the bears could manage was 4048, before the buyers appeared, with the SPX printing a new multi-week high of 4094 in the closing hour, if cooling back to 4070.

Volatility was ground lower into the weekend, the VIX settling -1.2% to 18.51.
-


Full moon... Feb'5th

A little closer


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

Goodnight from London
--

 

If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com