Thursday 19 November 2020

Mixed Thursday

US equity indexes closed on a positive note, sp +14pts (0.4%) at 3581. Nasdaq comp' +0.9%. Dow +0.15%. The Transports settled +0.02%.

sp'daily5

 


VIX'daily3

 


Summary

US equities opened on a weak note, with the SPX printing 3543, but recovering to 3570.

Meanwhile...

Sidney Powell
 

Whilst the mainstream media hacks would like to believe otherwise, the US election result is yet to be finalised. Sidney Powell is one of the key people leading a charge to set things right. It should be clear, that whilst uncertainty is not a positive for the market, were Trump to achieve a second term, the market would be more than fine that it's best ever cheerleader remains in the Whitehouse.

The afternoon saw further chop... if leaning on the positive side.

Volatility was subdued, the VIX settling -3.1% to 23.11. Friday is OPEX, so expect considerable chop.

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Some welcome golden sunshine

 

Next full moon is Mon' Nov'30th


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

Goodnight from London
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