Wednesday 15 February 2023

Midweek chop

US equity indexes closed on a positive note, SPX +11pts (0.3%) at 4147. Nasdaq comp' +0.9%. Dow +0.1%. The Transports settled +0.3%. R2K +1.0%.

SPX - daily

VIX - daily

Summary

US equities opened on a weak note, but all the bears could manage was sp'4103, before recovering into the early afternoon. The mid/late afternoon saw considerable chop, if leaning upward to settle at 4147.

Volatility was ground lower, the VIX settling -3.6% to 18.23.
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Bullish gold... if not the commodity.


A fine winter's evening


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

Goodnight from London
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