Tuesday, 5 January 2021

Calm before chaos

US equity indexes closed broadly higher, SPX +26pts (0.7%) at 3726. Nasdaq comp' +0.9%. Dow +0.5%. The Transports settled +1.1%.

sp'daily5

 


VIX'daily3

 


Summary

US equities opened a little weak, but the market saw an opening reversal.

Meanwhile...


... as the war between Trump and Twitter continues, as this can't possibly end well

The afternoon saw choppy upside to 3737, and settling at 3726. Volatility was itself subdued, the VIX settling -6.0% to 25.34

As for the 'Calm before chaos'.... Wednesday should see the results of the Georgia Senate seat elections. Far more important though... the joint session of congress to certify (or not) the electoral college vote for President.


Does he... and will he? 


According to the marxists/communists at Twitter HQ... the VP has no such right.

In any case, if you think tomorrow will go without 'incident', I've a piece of property on Jupiter's moon Europa, for sale. Are you interested?


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

Goodnight from London
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