Tuesday, 6 July 2021

Starting weak

US equity indexes closed rather mixed, SPX -8pts (-0.2%) at 4343. Nasdaq comp' +0.2%. Dow -0.6%. The Transports settled -1.0%.

SPX - daily5

VIX - daily3

Summary

US equities began the short week on a weak note, but all the bears could manage was sp'4314, before a latter day recovery. I'd note the SPX and Nasdaq comp' both broke (if fractional) new historic highs, a reminder of underlying upward pressure.

Volatility remained relatively subdued, the VIX settling +9.1% to 16.44.

Bullish 5G wireless towers


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

Goodnight from London
--


If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com