Friday 2 June 2023

Climbing into the weekend

US equity indexes closed very significantly higher, SPX +61pts (1.4%) at 4282. Nasdaq comp' +1.1%. Dow +2.1%. The Transports settled +1.9%. R2K +3.6%.

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, and whilst the gains were initially shaky, there was a secondary push upward that extended into the late afternoon, settling at 4282.

Volatility was crushed into the weekend, the VIX lower for the fifth day of six, settling -6.7% to 14.60.
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Oct'2021... the Cramer touting the Magnificent Seven


All of this has happened before... and will happen again...


June 2023... the Cramer touting the Magnificent Seven

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

Goodnight from London
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