Monday, 19 April 2021

Monday cooling

US equity indexes closed broadly lower, SPX -22pts (0.5%) at 4163. Nasdaq comp' -1.0%. Dow -0.3%. The Transports settled -0.8%.

SPX - daily5

VIX - daily3

Summary

US equities opened a little weak, although if you'd been watching the breakfast show on CNBC, from the pictures of traders, you'd have perhaps wondered if it was a case of 'markets in turmoil'...


.... as fear and hysteria is something the mainstream never get tired of.

The market cooled into the afternoon to sp'4150, with a little bounce to settle at 4163.

Volatility picked up, the VIX settling +6.4% to 17.29. However, much of today's gain was due to the new week.
-

A fine spring evening


... just before sundown.


A little closer


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

Goodnight from London
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