Thursday, 10 April 2025

Just a retrace

US equity indexes closed powerfully lower, SPX -188pts (3.5%) at 5268. Nasdaq comp' -4.3%. Dow -2.5%. The Transports settled -4.2%. R2K -4.1%

SPX - daily

VIX - daily

Summary

The began in pre-market with the latest inflation data...

Headline y/y: 2.4% vs 2.8% prior
Core y/y: 2.8% vs 3.1% prior

... which should please those at Print Central.

The SPX opened rather powerfully lower, falling into the early afternoon to 5115. There was a strong rebound, if still settling powerfully lower at 5268.

Volatility was very mixed, the VIX printing 54.87, if cooling back to settle +21.1% at 40.72.

100K filter... as the sun remains active

 

Full moon will be overnight April 12-13th



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

Goodnight from London
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