Thursday, 2 February 2023

New cycle highs

US equity indexes mostly closed very significantly higher, SPX +60pts (1.5%) at 4179. Nasdaq comp' +3.2%. Dow -0.1%. The Transports settled +2.9%. R2K +2.0%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, with the SPX battling upward to print a new cycle high of 4195 - the highest since Aug'26th 2022. There was some cooling to 4145, with a renewed push upward to settle at 4179.

Volatility was a little mixed, the VIX printing a new cycle low of 17.06, swinging to 19.25, and settling +4.8% to 18.73.
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The best of America. The best of humanity

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

Goodnight from London
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