Thursday, 28 January 2021

Post FOMC bounce

US equity indexes closed broadly higher, SPX +36pts (1.0%) at 3787. Nasdaq comp' +0.5%. Dow +1.0%. The Transports settled +1.0%.

sp'daily5


VIX'daily3


Summary

US equities saw a major upside reversal in pre-market, opening broadly higher, and building very significant gains into the afternoon.

Meanwhile...


Yes, it will end badly, but then... it always does.

The afternoon saw the SPX print 3830, but then some rather significant cooling to 3785, and settling at 3875. Volatility was naturally lower, the VIX settling -18.8% to 30.21.  

For posterity: Gamestop (GME), 5min, 3 day...

Another truly wild day for the leading Wallstreetbets stock.

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The grey horror of a London winter

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

Goodnight from London
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