Friday, 17 May 2024

Natural chop for OPEX

US equity indexes closed a little mixed, SPX +6pts (0.1%) at 5303. Nasdaq comp' -0.1%. Dow +0.3%. The Transports settled -0.4%. R2K +0.1%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, if leaning fractionally lower, the SPX settling at 5303. Volatility was ground lower into the weekend, VIX breaking a new low for the year of 11.91, and settling -3.5% to 11.99.
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The Parakeets will outlive the vaxxed scrubs


More X class flares are coming this summer


The sun sets... on the failed state of the UK


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

Goodnight from London
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