Monday 14 September 2020

Starting positive

US equity indexes closed significantly higher, sp +42pts (1.3%) at 3383. Nasdaq comp' +1.9%. Dow +1.2%. The Transports settled +0.9%.

sp'daily5



VIX'daily3



Summary

US equities began the week on a positive note, with price battling upward into mid morning, with the SPX printing 3402.

With a luminous green market, the US President duly appeared...


Further...


As much as I'd like to see Rogan host a Trump/Biden debate, I don't see Biden agreeing to it. The latter has little to gain... and everything to lose. 

The afternoon saw some weak leaning chop to 3374, but generating s/t price structure of a bull flag.

Volatility was naturally in cooling mode, the VIX settling -3.8% to 25.85, as the market is comfortable ahead of the last FOMC... before the election.
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A lucky group... departing the UK

78f/26c... a bonus day of summer
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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