Thursday, 8 October 2020

Battling upward

US equity indexes closed moderately higher, sp +27pts (0.8%) at 3446. Nasdaq comp' +0.5%. Dow +0.4%. The Transports settled +0.6%.




US equities opened moderately higher, with an early high of 3444.

Meanwhile... CEO of AMD - Dr Lisa Su...

It was clearly pre-recorded, but still, 212k viewers is impressive. The new Ryzen 5000s look good, and Intel should be regularly having sleepless nights into next year.



AMD stock had a mixed day, initially climbing with the Zen3 reveal, but the sellers appeared, with the stock settling fractionally negative.

Afternoon price action was very subdued... if leaning on the upward side. Most notable today, another new historic high for the Transports, something that will be overlooked by many.

Volatility melted lower, the VIX settling -6.1% to 26.36, as the mainstream appear comfortable ahead of the weekend.

October chill

Extra charts in AH (usually around 5pm EST) @

Goodnight from London

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