A net bullish week

US equity indexes closed significantly higher, SPX +63pts (1.3%) at 5127. Nasdaq comp' +2.0%. Dow +1.2%. The Transports settled +0.7%. R2K +1.0%

SPX - daily

VIX - daily

Summary

US equities ended the week on a bullish note, the SPX settling at 5127.
Volatility was naturally ground lower into the weekend, the VIX settling -8.1% to 13.49.

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

Goodnight from London
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Thursday Battle

US equity indexes closed broadly higher, SPX +45pts (0.9%) at 5064. Nasdaq comp' +1.5%. Dow +0.8%. The Transports settled +2.5%. R2K +1.9% 

SPX - daily

VIX - daily

Summary

US equities opened positive, but the gains were shaky from the start. The SPX cooled from 5057 to 5011. From there... a secondary wave upward to build rather significant gains, settling at 5064.

Volatility was a little mixed, the VIX seeing a mini spike high of 16.09, but cooling back to settle -4.6% to 14.68.

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Bullish electricity

See.... Video via X

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

Goodnight from London
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Post Powell Depression

US equity indexes closed a little mixed, SPX -17pts (0.3%) at 5018. Nasdaq comp' -0.3%. Dow +0.2%. The Transports settled -0.3%. R2K +0.2%

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, and whilst the market leaned a little weak, it was really just a holding pattern ahead of the Fed.

Rates were naturally left unchanged, although QT was surprisingly cut from $60bn to $25bn (from June onwards).

Equities saw a rally on the press release, and more so with Powell. However... the SPX cooled from 5096 to settle at 5018, for what was another ugly closing hour.

Volatility was ground lower, the VIX settling -1.7% to 15.39.

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

Goodnight from London
--

 

If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com