Wednesday 22 May 2024

Mostly minor chop

US equity indexes mostly closed on a weak note, SPX -14pts (0.3%) at 5307. Nasdaq comp' -0.2%. Dow -0.5%. The Transports settled +0.2%. R2K -0.8%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, and remained that way into 2pm. The FOMC minutes offered an excuse for moderate cooling, the SPX printing 5286, and recovering to settle at 5307.

Volatility was mixed, the VIX printing a new low for the year of 11.78, but seeing a mini spike to 12.81, and settling +3.6% to 12.29.


If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com