Friday 24 May 2024

Into the long weekend

US equity indexes closed on a positive note, SPX +36pts (0.7%) at 5304. Nasdaq comp' +1.1%. Dow +0.01%. The Transports settled +0.5%. R2K +1.1%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, although the gains were shaky from the start. There was a secondary push upward into late morning to 5311. The afternoon saw considerable micro chop, settling at 5304.

Volatility was naturally ground lower into the long weekend, the VIX settling -6.6% to 11.93.
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Bullish green


Rays of hope


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