Tuesday 12 March 2024

Battling upward

US equity indexes closed broadly higher, SPX +57pts (1.1%) at 5175. Nasdaq comp' +1.5%. Dow +0.6%. The Transports settled +0.6%. R2K -0.1%

SPX - daily

VIX - daily

Summary

The day began in pre-market with the latest CPI data...


Equities saw initial downside... but it was very brief, with the SPX opening moderately higher. The gains were shaky, with the SPX cooling to turn fractionally negative to 5114. From there... a secondary upward push, to settle at 5175.

Volatility was ground lower, the VIX settling -9.1% to 13.84.


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

Goodnight from London
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