Monday 20 November 2023

Positive leaning chop

US equity indexes closed on a positive note, SPX +33pts (0.7%) at 4547. Nasdaq comp' +1.1%. Dow +0.6%. The Transports settled +0.3%. R2K +0.6%

SPX - daily

VIX - daily

Summary

The market began the week, in the same style as last week concluded... minor chop. Yet with near zero downside power, the market clawed upward to break a new cycle high of 4557, and settling at 4547.

Volatility was ground lower, the VIX breaking a new cycle low of 13.39, settling -2.8% to 13.41.
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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