Tuesday, 8 April 2025

A turbulent Tuesday

US equity indexes closed very significantly lower, SPX -79pts (1.6%) at 4982. Nasdaq comp' -2.1%. Dow -0.8%. The Transports settled -2.7%. R2K -2.9%

SPX - daily

VIX - daily

Summary

Equities opened rather powerfully higher, the SPX printing 5267. 11am saw a typical turn... if very powerful cooling wave, that stretched into the late afternoon to 4910, and settling at 4982.

Volatility was itself extremely mixed, the VIX printing a morning low of 36.48, if surging to 57.52, and settling +11.4% at 52.33.
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Extra charts in AH (usually around 5pm EDT) @ https://x.com/Trading_Sunset

Goodnight from London
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