Thursday, 1 October 2020

Tedious Thursday

US equity indexes mostly closed net higher, sp +17pts (0.5%) at 3380. Nasdaq comp' +1.4%. Dow +0.1%. The Transports settled -0.2%. 






US equities opened broadly higher, as the mainstream were satisfied with 'only' 837k weekly jobless claims. The opening gains were shaky though, with an initial washout from 3397 to 3367. A secondary wave upward printed 3386. The late afternoon saw considerable minor chop.

Volatility was itself muted, the VIX settling +1.2% to 26.70. The SPX black candle leans problematic into the weekend, with VIX having not supported equity gains for the past two days.

October/Q4... in the twilight zone


The first of two October full moons

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

Goodnight from London

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