Friday 26 May 2023

Upside into the long weekend

US equity indexes mostly closed significantly higher, SPX +54pts (1.3%) at 4205. Nasdaq comp' +2.2%. Dow +1.0%. The Transports settled +0.1%. R2K +1.1%. 

SPX - daily

VIX - daily

Summary

US equities opened on a positive note. Whilst there were a few minor retraces, the market built significant gains into the mid afternoon. The late afternoon saw choppy upside to 4212.87, just 0.04pts shy of last Friday's multi-month high, and cooling back to settle at 4205.

Volatility was ground lower into the long weekend, the VIX settling -6.2% to 17.95.
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Sunny, but 12c/54f sure isn't summer
 

Full moon... June 4th

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

Goodnight from London
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