Thursday, 23 September 2021

Powering upward

US equity indexes closed significant higher, SPX +53pts (1.2%) at 4448. Nasdaq comp' +1.0%. Dow +1.5%. The Transports settled +1.7%. R2K +1.8%

SPX - daily5

VIX - daily3

Summary

US equities opened on a positive note, and built significant gains into the afternoon.

The afternoon saw the SPX print 4465, if cooling back to settle at 4448.

Volatility was ground lower, the VIX settling -10.7% to 18.63.
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Time to fly away home


A fine autumn day

 

Waning moon


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

Goodnight from London
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Wednesday, 22 September 2021

The Do-Nothing Fed

US equity indexes mostly closed significantly higher, SPX +41pts (0.9%) at 4395. Nasdaq comp' +1.0%. Dow +1.0%. The Transports settled -0.5%. R2K +1.5%

SPX - daily5

VIX - daily3

Summary

US equities opened on a moderately positive note, and built significant gains into the early afternoon. Print Central issued a press release at 2pm...


... with rates not surprisingly held at 0-0.25%, and QE maintained at $120bn a month. The fed alluded that QE taper will soon begin. Most recognise, between now and mid 2022, we're still looking at a net $600/700bn of 'new money', most of which will find its way into equities.

The fed's outlook on inflation has been consistently wrong for decades.

Just one hike in 2022, and three in 2023? Not if core CPI is >7%!
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FedEx flying high, the stock... not so much.

The late afternoon saw considerable minor chop, if still leaning on the upward side. Volatility was ground lower, the VIX settled -14.3% to 20.87.
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Ray of hope


Autumn has begun

 

Always bullish moon


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

Goodnight from London
--

 

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Tuesday, 21 September 2021

Weak rebound

US equity indexes closed a little mixed, SPX -3pts (0.1%) at 4354. Nasdaq comp' +0.2%. Dow -0.1%. The Transports settled -0.2%. R2K +0.2%

SPX - daily5

VIX - daily3

Summary

US equities opened on a moderately positive note, but the gains were shaky from the start, and it didn't take long for most indexes to turn red... if only fractionally. 

Meanwhile..


Few on the streets of Philadelphia are concerned with Evergrande of China, or its impact on the US equity/capital markets.
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The afternoon saw considerable chop, leaning weak into the close On any basis... it was a distinctly weak rebound, and doesn't bode well for the near term.

Volatility was itself pretty volatile, the VIX settling -5.2% to 24.36.
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The last sunset of summer 2021

Autumn equinox 3.20pm EST, Sept'22


The waning moon


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 would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com