Tuesday, 13 May 2025

Another new cycle high

US equity indexes mostly closed on a positive note, SPX +42pts (0.7%) at 5886. Nasdaq comp' +1.6%. Dow -0.6%. The Transports settled +0.3%. R2K +0.5%

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, but the SPX clawed upward into the late afternoon, printing a new cycle high of 5906, if cooling back to settle at 5886.

Volatility was ground lower for a fifth consecutive day, the VIX printing 17.65, and settling -0.9% to 18.22.
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Even more green than equities


A fine day in May


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

Goodnight from London
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