Friday, 7 March 2025

A five and three sixes

US equity indexes closed moderately higher, SPX +31pts (0.5%) at 5770. Nasdaq comp' +0.7%. Dow +0.5%. The Transports settled +0.8%. R2K +0.4%

SPX - daily

VIX - daily

Summary

US equities opened a little mixed, the SPX leaning weak to 5666, the lowest since Sept'18th 2024.

The Powell appeared for lunch...

"The economy is fine"
 

The market recovered into the late afternoon, printing 5783, and settling moderately higher at 5770.

Volatility was mixed, the VIX printing 26.56, if cooling back to settle -6.0% to 23.37.
-

Spring is thirteen days away


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

Goodnight from London
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