Wednesday, 19 April 2023

Crushed volatility

US equity indexes closed a little mixed, SPX -0.3pts (0.01%) at 4154. Nasdaq comp' +0.03%. Dow -0.2%. The Transports settled +0.9%. R2K +0.2%

SPX - daily

VIX - daily

Summary

Equities opened moderately lower, but all the bears could manage was 4134, with a recovery into the early afternoon, to settle effectively flat at 4154.

Volatility is effectively crushed, with the VIX printing a new cycle low of 16.17, and settling -2.2% to 16.46. It won't stay this way forever.
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Sunny, but a chilly 9c/48f


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

Goodnight from London
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