Wednesday 17 April 2024

Testing 5000

US equity indexes closed on a weak note, SPX -29pts (0.6%) at 5022. Nasdaq comp' -1.1%. Dow -0.1%. The Transports settled -1.7%. R2K -1.1%

SPX - daily

VIX - daily


US equities opened moderately higher, but once again... for the fifth time in ten days, equities saw a rather ugly downside reversal. The SPX broke a new cycle low of 5007, an effective test of giant psy' 5K. From mid afternoon.. a vain bounce attempt, settling at 5022.

Volatility remained elevated, the VIX 19.11, if cooling back to settle -1.0% to 18.21.



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