Tuesday, 4 March 2025

A wild Tuesday

US equity indexes mostly closed significantly lower, SPX -71pts (1.2%) at 5778. Nasdaq comp' -0.3%. Dow -1.5%. The Transports settled -2.1%. R2K -1.1%

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, with the SPX falling to 5732... just 7pts above the 200dma. From there... a bounce into the afternoon. The closing hour saw the SPX turning fractionally positive to 5865, but then a significant cooling wave to settle at 5778. 

Volatility was very mixed, the VIX printing 26.35, but cooling to 21.74, and settling +3.2% to 23.51.
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Spring is sixteen days away

 

Full moon will be March 14th


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

Goodnight from London
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