Monday, 17 July 2023

Positive leaning chop

US equity indexes mostly closed on a positive note, SPX +17pts (0.4%) at 4522. Nasdaq comp' +0.9%. Dow +0.2%. The Transports settled -0.01%. R2K +1.1%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, and whilst price action remained choppy, it was positive leaning across the day. The SPX printed a new cycle high of 4532, and settling at 4522.

Volatility was subdued, the VIX settling +1.0% to 13.48. 
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Goodnight from London
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