Friday, 2 May 2025

Bullish end to a bullish week

US equity indexes closed very significantly higher, SPX +82pts (1.5%) at 5686. Nasdaq comp' +1.5%. Dow +1.4%. The Transports settled +3.3%. R2K +2.2%

SPX - daily

VIX - daily

Summary

US equities opened significantly higher on the latest monthly jobs data. The SPX printed a new multi-week high of 5700, and settling at 5686. Volatility was ground lower into the weekend, the VIX settling -7.8% to 22.68.
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Summer is near


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

Goodnight from London
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