Tuesday 2 July 2024

Clawing upward

US equity indexes closed a little higher, SPX +33pts (0.6%) at 5509. Nasdaq comp' +0.8%. Dow +0.4%. The Transports settled +0.4%. R2K +0.3%

SPX - daily

VIX - daily

Summary

In pre-market, the SPX was -25pts, but it only opened -10pts, as the bears remain largely powerless. The SPX clawed back upward, settling moderately higher at 5509, just 14pts below last Friday's hist' high.

Volatility remained subdued, the VIX settling -1.5% to 12.03.
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Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
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