Tuesday, 10 November 2020

Tuesday chop

US equity indexes closed very mixed, sp -5pts (-0.1%) at 3545. Nasdaq comp' -1.4%. Dow +0.9%. The Transports settled +1.6%. 






US equity indexes opened a little mixed, with strength in industrials, but significant weakness in tech. The SPX saw some cooling to 3511, just 2pts shy of fully filling Monday's opening gap.



Amgen, and other 'big pharma', are very straight forward in what their priority is. Its to be expected, as after all... viruses and subsequent mandated vaccines are good for business.

The afternoon saw considerable chop, with the SPX settling fractionally weak.

Volatility was subdued, the VIX settling -3.7% to 24.80. Today's SPX candle is a reversal, and leans s/t bullish.


Airlines cruising upward into year end?

Sunset in the city of lockdown

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

Goodnight from London

If you value my work on Blogger, Twitter, and want more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com