Tuesday 14 May 2024

Net bullish Tuesday

US equity indexes mostly closed on a positive note, SPX +25pts (0.5%) at 5246. Nasdaq comp' +0.7%. Dow +0.3%. The Transports settled -0.4%. R2K +1.0%

SPX - daily

VIX - daily


Equities opened in minor chop mode... although that was a distinct recovery, with the SPX having briefly been -24pts or so, on the latest PPI data. The day saw considerable minor chop, if leaning upward, even breaking a new multi-week high of 5250, and settling at 5246.

Volatility remained subdued, the VIX settling -1.3% to 13.42.

Always good work from After Skool. Don't think I'll ever hold anything but contempt, for those obedient sheep who tried to destroy me, and the rest of the resistance.


...  https://www.tradingsunset.com