Wednesday 3 March 2021

Midweek weakness

US equity indexes closed broadly weak, SPX -50pts (1.3%) at 3819. Nasdaq comp' -2.7%. Dow -0.4%. The Transports settled -0.2%.

SPX - daily5

VIX - daily3

Summary

US equities opened on a weak note, with the SPX cooling to 3837. There was a recovery to 3869, but the late afternoon saw renewed cooling, breaking a new intraday low of 3818 in the final minute.

Volatility picked up, the VIX settling +10.7% to 26.67.
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SN10... failure to launch.


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

Goodnight from London
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