Wednesday 30 September 2020

September settles

US equity indexes mostly closed on a positive note, sp +27pts (+0.8%) at 3362. Nasdaq comp' +0.7%. Dow +1.2%. The Transports settled -0.6%. 

sp'daily5

 


VIX'daily3

 


Summary

US equities opened on a positive note, helped a little by European markets, but also by Chicago PMI and ADP jobs data. The afternoon saw a high of 3386, with some rather fierce cooling into the monthly/Q3 settlement. 

Volatility swung from the 25s to 27s in late afternoon, the VIX settling +0.4% to 26.37.

September settles...  SPX, m1b

 


The SPX broke a new historic high of 3588, but swung to 3209, and settling net lower by -137pts (3.9%). I would note the 10MA at 3118, which was very comfortably settled above, as the m/t bullish trend remained intact.

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Goodnight from London

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