Thursday, 21 January 2021

Another new historic high

US equity indexes closed very mixed, SPX +1pt (0.03%) at 3853. Nasdaq comp' +0.5%. Dow -0.04%. The Transports settled -1.7%.

sp'daily5

 


VIX'daily3

 


Summary

US equities opened a little higher, but the gains were shaky from the start, with indexes quickly turning negative... if only fractionally. Price action remained in minor chop mode into the early afternoon.

Meanwhile...



The CEO of the EU branch of Print Central - Lagarde, touting the usual 'we'll do what is necessary' nonsense. Note the negative bond yields for Germany and France. Will they ever turn positive again? It would seem unlikely... until the great financial reset has occurred.

The afternoon saw further minor chop, if leaning fractionally weak into the close. Today's black candle leans s/t bearish, at least for part of Friday.

Volatility was subdued, the VIX settling -1.2% to 21.32.


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

Goodnight from London
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Wednesday, 20 January 2021

Midweek gains

US equity indexes closed broadly higher, SPX +52pts (1.4%) at 3851. Nasdaq comp' +2.0%. Dow +0.8%. The Transports settled +1.7%.

sp'daily5

 


VIX'daily3

 


Summary

The market opened at 9.30am EST, and closed at 4.00pm EST.

Meanwhile...

Looking down on the grey horror of the UK


The one on the right is relieved the circus is over


... and that... is the end... of that.


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

Goodnight from London
--

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Tuesday, 19 January 2021

Positive Tuesday

US equity indexes mostly closed on a positive note, SPX +30pts (0.8%) at 3798. Nasdaq comp' +1.5%. Dow +0.4%. The Transports settled -0.4%.

sp'daily5


VIX'daily3


Summary

The short week began on a positive note, the SPX opening moderately higher, and after some chop, battling upward.

Meanwhile...


For those who are anti-oil, the news is great, as Keystone XL appears set to be blocked by exec' order. Rather than a more efficient pipeline, Oil can be expected to continue to be transported by train and by road. This is environmental policy... at its most insane.
-

The afternoon saw considerable chop, if leaning to the weaker side. Broadly though, it was a distinctly positive end to the Trump era.

Volatility was ground lower, the VIX settling -4.5% to 23.24. 

--


... and that... is that.


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

Goodnight from London
--

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