Thursday 14 March 2024

A typically red Thursday

US equity indexes closed broadly lower, SPX -14pts (0.3%) at 5150. Nasdaq comp' -0.3%. Dow -0.3%. The Transports settled -1.3%. R2K -1.8%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, but the gains were shaky from the start, with all indexes turning red. The SPX choppily cooled to 5123, with a closing hour mini recovery to settle at 5150. The two leaders - Trans/R2K, were very significantly lower, and bode net bearish for other indexes into Friday's quad-opex.

Volatility picked up, the VIX printing 15.33, if cooling back to settle +4.7% to 14.40.
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Starship... test'3.


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

Goodnight from London
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