Monday 10 July 2023

Monday chop

US equity indexes closed on a positive note, SPX +10pts (0.2%) at 4409. Nasdaq comp' +0.2%. Dow +0.6%. The Transports settled +1.0%. R2K +1.7%

SPX - daily

VIX - daily

Summary

US equities saw a day of considerable minor chop, the SPX printing 4389, but settling at 4409. Its notable the two leaders - Trans & R2K, were both significantly higher, and they bode bullish for other indexes for Tuesday.

Volatility remained subdued, the VIX printing 15.53 (cash market), if cooling back to settle +1.6% to 15.07.


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

Goodnight from London
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