US equity indexes ended November on a weak note, SPX -16pts (0.5%) at 3621. Nasdaq comp' -0.1%. Dow -0.9%. The Transports settled -0.9%.
sp'daily5
VIX'daily3
Summary
US equities opened on a weak note, with the SPX cooling to 3594, tagging the upper end of last Tuesday's opening gap.
Meanwhile...
... today saw Arizona state hold a hearing on the US election, whose result is yet to be finalised, and will eventually likely be contested to Supreme Court.
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The afternoon saw considerable chop, leaning on the slightly upward side, if still settling moderately weak. Volatility was a little mixed, VIX seeing an early high of 22.89, but cooling back to settle -1.3% to 20.57.
SPX, monthly1b
For November, the SPX broke a new hist' high of 3645.99, and settling net higher by a massive +351pts (10.7%) to 3621. There is simply zero sign of a ceiling/turn, as the m/t trend remains powerfully bullish from the March low of 2191.
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| Moody skies |
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| Full moon... breakthrough |
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Goodnight
from London
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