Tuesday, 19 March 2024

Upside reversal

US equity indexes closed moderately higher, SPX +29pts (0.6%) at 5178. Nasdaq comp' +0.4%. Dow +0.8%. The Transports settled +0.8%. R2K +0.4%

SPX - daily

VIX - daily


Summary

US equities opened on a weak note, but all the bears could manage was 5131. There was a rather significant upside reversal to 5180, and settling at 5178. Volatility was ground lower, the VIX settling -3.6% to 13.82.


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Goodnight from London
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