Monday, 12 May 2025

Tariff ramp

US equity indexes closed powerfully higher, SPX +184pts (3.3%) at 5844. Nasdaq comp' +4.3%. Dow +2.8%. The Transports settled +7.0%. R2K +3.4%

SPX - daily

VIX - daily

Summary

US equities opened rather powerfully higher on tariff news. The SPX climbed into the late afternoon, settling at 5844.

Volatility was naturally whacked lower, the VIX settled -16.0% to 18.39, the first close under the key 20 threshold since March 27th.
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A clear route!


Sunset after the storm


          A very thin layer of mist


 Bearish TV aerials


Always flowing

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

Goodnight from London
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