Tuesday 9 July 2024

Stair stepping upward

US equity indexes closed rather mixed, SPX +4pts (0.1%) at 5576. Nasdaq comp' +0.1%. Dow -0.1%. The Transports settled -1.1%. R2K -0.4%

SPX - daily

VIX - daily

Summary

Equity price action remains considerable minor chop, but day over day... week over week... month over month, the market is stair stepping upward. Today saw the SPX and Nasdaq comp' break new hist' highs.

Volatility remained subdued, the VIX settling +1.1% to 12.51.


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

Goodnight from London
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