Wednesday 25 January 2023

Wednesday reversal

US equity indexes closed rather mixed, SPX -0.7pts (0.02%) at 4016. Nasdaq comp' -0.2%. Dow +0.03%. The Transports settled -1.1%. R2K +0.3%.

SPX - daily

VIX - daily

Summary

US equities opened significantly lower, not helped MSFT or BA...

Many seem agreed, if there is one CEO that needs to get the boot, its the Calhoun.

The bears managed sp'3949, but there was a pretty strong upside reversal, even turning briefly positive to 4019, and settling effectively flat at 4016.

Volatility was a little mixed, the VIX printing 20.90, but cooling back to settle -0.6% at 19.08.


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

Goodnight from London
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