Thursday 19 September 2024

A very green Thursday

US equity indexes closed very significantly higher, SPX +75pts (1.7%) at 5713. Nasdaq comp' +2.5%. Dow +1.3%. The Transports settled +1.6%. R2K +2.1%

SPX - daily

VIX - daily

Summary

US equities opened very significantly higher. The gains were actually a little shaky, but the bears were largely powerless, with the SPX powering upward to a new hist' high of 5733, and settling at 5713.

Volatility was naturally ground lower, the VIX settling -10.4% to 16.33.
-

21c/70f is Goldilocks
 

Bullish to the moon


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

Goodnight from London
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