Monday, 17 June 2024

Holiday trading conditions

US equity indexes closed broadly higher, SPX +41pts (0.8%) at 5473. Nasdaq comp' +0.9%. Dow +0.5%. The Transports settled +0.8%. R2K +0.9%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode. All the bears could manage was 5420, before leaning back upward to break a new hist' high of 5488, and settling at 5473. Today's new high was especially impressive considering what are holiday trading conditions.

Volatility was subdued, the VIX settling +0.7% to 12.75
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3712 might be a problem


Summer solstice will be Thurs' June 20th, 9.51pm BST


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

Goodnight from London
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