Wednesday, 29 March 2023

Midweek strength

US equity indexes closed significantly higher, SPX +56pts (1.4%) at 4027. Nasdaq comp' +1.8%. Dow +1.0%. The Transports settled +1.0%. R2K +1.1%.

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, with the SPX printing 4017, some cooling to 4001, with a secondary wave upward into the late afternoon to print 4030, and settle at 4027.

Volatility was ground lower, the VIX settling -4.3% to 19.12.

I'd be open to Thursday starting positive, but the market will be prone to cooling into end month/Q1. 


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

Goodnight from London
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