Thursday, 22 January 2026

Green Thursday

US equity indexes closed on a positive note, SPX +37pts (0.5%) at 6913. Nasdaq comp' +0.9%. Dow +0.6%. The Transports settled +0.2%. R2K +0.7% 

SPX - daily



VIX - daily



Summary

US equities opened moderately higher, with the SPX printing a high of 6934, and settling moderately higher at 6913. Volatility was ground lower, the VIX settling -7.5% to 15.64

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Wednesday, 21 January 2026

Trump taketh, Trump giveth

US equity indexes closed significantly higher, SPX +78pts (1.2%) at 6875. Nasdaq comp' +1.2%. Dow +1.2%. The Transports settled +3.1%. R2K +2.0%

SPX - daily



VIX - daily



Summary

US equities opened on a positive note, the SPX pushing to 6874, cooling to 6804. There was a late afternoon ramp to 6910 on Trump, settling to 6875. Volatility was crushed, the VIX settling -15.9% to 16.90.

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Tuesday, 20 January 2026

Trump related downside

US equity indexes closed very significantly lower, SPX -143pts (2.1%) at 6796. Nasdaq comp' -2.4%. Dow -1.8%. The Transports settled -2.1%. R2K -1.2%  

SPX - daily



VIX - daily



Summary

US equities opened significantly lower, with the SPX sliding across the day to 6789, and settling very significantly lower at 6796. Volatility picked up, the VIX printing a high of 20.99, if cooling back to settle +26.7% to 20.09. 

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