Monday, 13 February 2023

Positivity ahead of CPI

US equity indexes closed significantly higher, SPX +46pts (1.1%) at 4137. Nasdaq comp' +1.5%. Dow +1.1%. The Transports settled +0.9%. R2K +1.2%.

SPX - daily


VIX - daily

Summary

US equities opened a little choppy, if leaning on the positive side. The market clawed upward into the afternoon to 4138, and settling at 4137.

Volatility was itself muted, the VIX settling -0.9% to 20.34.  

Tuesday morning will see the latest CPI data, and whilst the market might open positive, I'd be very mindful of a possible significant downside reversal.

-

Too big to fly


One more sunset closer to the summer


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

Goodnight from London
--

 

For details and the latest offers, see: https://www.tradingsunset.com