Thursday 3 June 2021

A somewhat bearish Thursday

US equity indexes closed on a weak note, SPX -15pts (0.4%) at 4192. Nasdaq comp' -1.0%. Dow -0.1%. The Transports settled -0.5%. 

SPX - daily5

VIX - daily3

Summary

US equities opened broadly weak, but all the bears could manage was sp'4167, the upper end of last Monday's gap. From there... a bounce, almost fully filling the opening gap.

Meanwhile...


AMC, 5min

 


It was another wild day for AMC stock, as the Wallstreetbets inspired hysteria continued.


 
Josh Brown... often annoying, but often amusing.
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The afternoon saw considerable chop, if leaning on the weaker side.

Volatility picked up, the VIX settling +3.2% to 18.04.
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Thunderstorms... lurking


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

Goodnight from London
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