Thursday, 23 January 2025

Underlying upward pressure

US equity indexes closed on a positive note, SPX +32pts (0.5%) at 6118. Nasdaq comp' +0.2%. Dow +0.9%. The Transports settled +0.5%. R2K +0.4%

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, and largely remained that way into the early afternoon. The mid/late afternoon saw a mini burst upward... breaking a new hist' high of 6118.

Volatility was naturally subdued, the VIX settling -0.5% at 15.02
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A little sunshine... after the rain

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

Goodnight from London
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