Wednesday, 7 October 2020

Midweek rebound

US equity indexes closed very significantly higher, sp +58pts (1.7%) at 3419. Nasdaq comp' +1.9%. Dow +1.9%. The Transports settled +2.5%.






US equities opened significantly higher, and broadly climbed into the late afternoon. The gains were surprisingly strong, and with no adverse Presidential tweets, the gains almost entirely held into the close.

Volatility naturally cooled back, if only a little, the VIX settling -4.8% to 28.06. The market is due a cooling wave, and whilst tomorrow is a Thursday, its difficult to see Tuesday's low of 3354 being taken out before the weekend.

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

Goodnight from London

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