US equity indexes ended the week on a significantly positive note, sp +51pts (1.6%) at 3298. Nasdaq comp' +2.3%. Dow +1.3%. The Transports settled +1.4%.
sp'daily5
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VIX'daily3
Summary
US equities opened on a choppy note, with the SPX printing an early low of 3228. From there, the market battled upward into the late afternoon.
Volatility cooled back, the VIX settling -7.5% to 26.38. Next week should offer another wave lower toward key m/t support of the 200dma and the monthly 10MA... both around 3100.
Your views...
A clear two thirds of you believe we'd need to see the SPX print <3K, to be enough to motivate the political hacks to agree on some form of stimulus bill 4. Frankly, I'd not be surprised if something was agreed if 3100.
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| A very autumnal London |
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| A fine end to the week |
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| Saturn, the moon, and mighty Jupiter! |
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| Full moon is Oct'1st |
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