Monday 16 October 2023

Monday bounce

US equity indexes closed significantly higher, SPX +45pts (1.1%) at 4373. Nasdaq comp' +1.2%. Dow +0.9%. The Transports settled +1.9%. R2K +1.6% 

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, and built significant gains into late morning, arguably for no reason other than 'technical'. From an SPX high of 4383, the market saw some moderate swings, settling at 4373.  

Volatility cooled back, the VIX printing 17.14, and settling at -10.9% to 17.21.


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

Goodnight from London
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