Tuesday 29 August 2023

Battling upward

US equity indexes closed significantly higher, SPX +64pts (1.4%) at 4497. Nasdaq comp' +1.7%. Dow +0.8%. The Transports settled +0.9%. R2K +1.3%

SPX - daily

VIX - daily

Summary

US equities opened broadly flat, but with powerless bears, the market resumed upward, and built rather significant gains into the late afternoon. The SPX printed 4500, and settling at 4497.

Volatility was ground lower for the seventh day of eight, the VIX settling -4.2% to 14.45.


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

Goodnight from London
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