Thursday 9 May 2024

Clawing upward

US equity indexes closed on a positive note, SPX +26pts (0.5%) at 5214. Nasdaq comp' +0.3%. Dow +0.8%. The Transports settled +0.6%. R2K +1.0%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, but once again... the market clawed upward to break a new multi-week high of 5215, and settling at 5214. Volatility was subdued, the VIX breaking a new cycle low, settling -2.4% to 12.69.
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   Topped out

 

A fine day in May

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

Goodnight from London
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