Friday, 26 July 2024

Climbing into the weekend

US equity indexes closed significantly higher, SPX +59pts (1.1%) at 5459. Nasdaq comp' +1.0%. Dow +1.6%. The Transports settled +1.7%%. R2K +1.7%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, and whilst the gains were a little shaky, the market kept leaning back upward. The SPX built very significant gains, printing 5488, and settling at 5459.

Volatility was (rather naturally) ground lower into the the weekend, VIX settling -11.2% to 16.39.
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19c/66f... bearable.


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

Goodnight from London
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