Tuesday, 6 October 2020

Trump's turnaround Tuesday

US equity indexes closed very significantly lower, sp -47pts (1.4%) at 3360. Nasdaq comp' -1.6%. Dow -1.3%. The Transports settled -0.7%. 






US equities opened in minor chop mode, and remained that way into the early afternoon. The mid afternoon saw a high of sp'3431... but then the US President issued a triple tweet barrage...

... and with that ruling out stimulus this side of the election, equities saw a very significant wave lower, spiraling into the closing hour.

Volatility was naturally subdued into the mid afternoon, but then spiked to 30.00, the VIX settling +5.4% to 29.48. The daily equity/VIX candles are both suggestive of 'problems' across the next 1-3 days.

Another day, another launch

The chill of Autumn

... as night must fall.

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

Goodnight from London

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