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%. 

sp'daily5

 


VIX'daily3

 


Summary

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.
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October/Q4... in the twilight zone

 

The first of two October full moons


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

Goodnight from London
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