US equity indexes closed on a broadly weak note, SPX -27pts (0.7%) at 3768. Nasdaq comp' -0.9%. Dow -0.6%. The Transports settled -1.3%.
sp'daily5
VIX'daily3
Summary
US equities opened on a weak note, as Thursday's late cooling carried across. The SPX spiraled to 3749, just 1pt shy of fully filling the Jan'7th opening gap.
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| Making an escape for the long weekend |
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Meanwhile, an interesting update from Mr Dore...
Only federal government could roll out a drug/vaccine so badly. Now we look set to have a significant group of people receive the first dose of the vaccine, but not the second, as originally based on the scientifically deduced 'best time frame'.
Indeed... the outgoing Trump admin, AND the incoming Biden admin, were they running a govt' shoe shop, many would be walking around with just one shoe.
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The afternoon saw considerable chop, with a little wave lower in the closing hour, but that was natural for what was OPEX, ahead of the long weekend.
Volatility spiked to 25.80, the VIX settling +4.7% to 24.34.
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| The days are getting noticeably longer |
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| Next full moon is Jan'28th |
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset
Goodnight from London
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