Tuesday 3 November 2020

We shall see

US equity indexes closed very significantly higher, sp +58pts (1.8%) at 3369. Nasdaq comp' +1.8%. Dow +2.1%. The Transports settled +3.1%. 

sp'daily5

 


VIX'daily3

 


Summary

US equities opened on a significantly positive note, the SPX battling upward to 3389. There was some afternoon cooling to 3356, with late afternoon upside to 3387, and settling at 3369.

Volatility was in cooling mode, the VIX settling -4.3% to 35.55.

As for the election...

Nothing has changed. I expect a decisive Trump victory...

 



We shall see.
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Golden sunshine


Its a sign

Mighty moon


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

Goodnight from London
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