Thursday, 27 August 2026

Upside ahead of Warsh

US equity indexes mostly closed on a positive note, SPX +55pts (0.7%) at 7730. Nasdaq comp' +1.6%. Dow +0.2%. The Transports settled -0.7%. R2K +0.3%

SPX – daily

VIX – daily

Summary

Equities opened positive, with the SPX battling upward to 7741. The afternoon saw some cooling to settle moderately higher at 7730. Volatility was ground lower for a third day, the VIX settling -4.6% to 14.51.  

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As far as I can see


A brief glimpse of sun


... as the war continues




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Wednesday, 26 August 2026

More micro chop

US equity indexes mostly closed a touch lower, SPX -1pt (0.02%) at 7675. Nasdaq comp' -0.1%. Dow -0.2%. The Transports settled +0.6%. R2K -0.1% 

SPX – daily


VIX – daily


Summary

US equities saw yet another day of micro chop, with the SPX settling almost precisely flat. 

Volatility remained subdued, the VIX settling -1.5% to 15.21.  



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Tuesday, 25 August 2026

Tedious micro chop

US equity indexes closed a little higher, SPX +24pts (0.3%) at 7677. Nasdaq comp' +0.7%. Dow +0.3%. The Transports settled +0.1%. R2K +0.5%

SPX – daily

VIX – daily


Summary

Equities opened on a positive note, but all the bulls could manage was 7686, cooling to 7650, and settling at 7677.

Volatility was itself very subdued, the VIX settling -2.5% to 15.45.
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Spiky


21c/70f... another Goldilocks day


Bullish trees




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