Monday, 12 January 2026

Upside reversal

US equity indexes mostly closed a little higher, SPX +11pts (0.2%) at 6977. Nasdaq comp' +0.3%. Dow +0.2%. The Transports settled -0.1%. R2K +0.5% 

SPX - daily


VIX - daily


Summary

US equities opened moderately lower on Powell and Trump comments, but all the bears could manage was an opening low of 6934. There was an upside reversal, printing a new hist' high of 6986, and settling at 6977. 

Volatility was mixed, the VIX printing an opening high of 15.79, but cooling back to settle +4.3% at 15.12 
--


 

Subscription offers > https://www.tradingsunset.com