Thursday, 15 October 2020

Reversal Thursday

US equity indexes mostly closed a little weak, sp -5pts (0.1%) at 3483. Nasdaq comp' -0.5%. Dow -0.1%. The Transports settled +0.8%.






US equities opened significantly lower, especially dragged lower by European markets.


Another horrific weekly jobless print

However, the SPX was already s/t cyclically low, and 3440 was all the bears could manage. From there... price action was choppy, if leaning on the upward side into the mid afternoon.


Another day... another rally


The late afternoon saw further choppy upside, with the SPX briefly turning fractionally positive to 3489, and settling -5pts at 3483.

Volatility printed an early (cash market) high of 28.92, with the VIX settling +2.2% at 26.97. Friday is OPEX, and that will inherently be inclined for considerable chop. 

Departing soon to be 'tier 2 London'.

The first sun... in what feels like weeks

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

Goodnight from London

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