Monday, 9 November 2020

Pfizer inspired gains

US equity indexes mostly closed significantly higher, sp +41pts (1.2%) at 3550. Nasdaq comp' -1.5%. Dow +2.9%. The Transports settled +2.5%.






The day began with...

Its not often you see futures like this


US equities opened powerfully higher, with the SPX breaking a new historic high of 3645. The Dow, Nasdaq comp', and Transports also broke new historic highs.


Still... the US President.

... and there was...

The mainstream media's President Elect Biden


The late morning/early afternoon saw increasing chop. The closing hour sure wasn't pretty, with the Nasdaq leading the way significantly lower.

It was a mixed day for volatility, the VIX printing 22.41, but settling +3.6% to 25.75. Today's daily SPX candle is spiky and black, and leans s/t bearish.

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

Goodnight from London

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