Friday 4 October 2024

Climbing into a weekend surprise?

US equity indexes closed broadly higher, SPX +51pts (0.9%) at 5751. Nasdaq comp' +1.2%. Dow +0.8%. The Transports settled +0.4%. R2K +1.4%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, with the SPX seeing an early high of 5746. The gains were shaky though, with cooling to 5702. There was a secondary wave upward to print 5753, and settling at 5751.

Volatility was ground lower into the weekend, the VIX printing 18.48, with a micro upward spike to settle -6.2% to 19.21.
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The oak will outlast yours truly


 A fine Fall sunset


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

Goodnight from London
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