Thursday, 22 April 2021

Sporadic spooky news

US equity indexes closed broadly weak, SPX -38pts (0.9%) at 4134. Nasdaq comp' -0.9%. Dow -0.9%. The Transports settled -0.8%.

SPX - daily5

VIX - daily3

Summary

US equities opened in minor chop mode, but battled upward to 4179, just 12pts shy of last Friday's historic high.

Meanwhile...


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Then a Bloomberg headline appeared suggesting that Capital Gains Tax is set to be massively increased. Mr Market sure didn't like that, seeing a very significant swing lower to sp'4123. 

There was a recovery into the close, but there is no decisive sign of a s/t floor, as Friday could easily open lower.

Volatility saw a spike on the CGT headline to 19.90, if settling +6.9% to 18.71.
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A fine spring evening


Next full moon Apr'26th


A little closer


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

Goodnight from London
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Wednesday, 21 April 2021

Midweek rebound

US equity indexes closed broadly higher, SPX +38pts (0.9%) at 4173. Nasdaq comp' +1.2%. Dow +0.9%. The Transports settled +1.0%.

SPX - daily5

VIX - daily3

Summary

US equities opened a little choppy, leaning on the weaker side, but all the bears could muster was sp'4126, before reversing upward. The market battled higher into the mid afternoon, settling on a broadly positive note to 4173.. just 18pts (0.4%) shy of last Friday's historic high.

Volatility opened to 19.29, but with equities rebounding, the VIX was ground lower, settling -6.3% to 17.50.
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Moderately photoshopped


Full moon... April 26th


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

Goodnight from London
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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

Tuesday, 20 April 2021

A second day of cooling

US equity indexes mostly closed lower, SPX -28pts (0.7%) at 4134. Nasdaq comp' -0.9%. Dow -0.7%. The Transports settled +0.6%.

SPX - daily5

VIX - daily3

Summary

US equities cooled for a second day, the SPX printing 4118, but recovering to settle at 4134. Volatility picked up, the VIX printing 19.70, and settling +8.0% to 18.68. 

For now, there is zero reason to see the past two days as anything other than a sporadic cooling wave from last Friday's historic high of 4191.
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Summer is coming


Full moon will be April'26th


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

Goodnight from London
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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