Tuesday 28 March 2023

Tedious Tuesday

US equity indexes mostly closed a little weak, SPX -6pts (0.2%) at 3971. Nasdaq comp' -0.4%. Dow -0.1%. The Transports settled +0.3%. R2K -0.1%.

SPX - daily

VIX - daily


US equities opened a touch weak, with the bears only managing to print SPX 3960. The afternoon saw a secondary wave lower to 3951, if recovering to settle at 3971.

Volatility was itself very muted, the VIX printing 21.40, cooling back to settle -3.1% to 19.97. 

Whilst Wednesday might open positive, I remain inclined to see sp'3900 before end month.



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