Wednesday 1 March 2023

March begins red

US equity indexes closed a little mixed, SPX -18pts (0.5%) at 3951. Nasdaq comp' -0.7%. Dow +0.02%. The Transports settled +0.3%. R2K +0.15%. 

SPX - daily

VIX - daily


US equities opened on a weak note, and whilst there were numerous bounce attempts, the market kept failing, printing a new cycle low of 3939. The late afternoon saw a minor recovery to settle at 3951.

Volatility was itself subdued, the VIX settling -0.6% to 20.58.


Ray of hope

Bullish gold... if not the commodity

The city of cranes

Extra charts in AH (usually around 5pm EST) @

Goodnight from London


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