Monday 19 October 2020

Reversal Monday

US equity indexes closed very significantly lower, sp -56pts (1.6%) at 3426. Nasdaq comp' -1.6%. Dow -1.4%. The Transports settled -1.1%.

sp'daily5

 


VIX'daily3

 


Summary

US equities opened on a moderately positive note to 3502, but turned red just after 10am. The afternoon saw increasing weakness, with the market spiraling lower to 3419. 

Meanwhile...

Trump continues a relentless series of election rallies

Volatility climbed for a sixth consecutive day, the VIX settling +6.5% to 29.18.


Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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