Friday, 10 September 2021

Rats selling into the weekend

US equity indexes closed broadly weak, SPX -34pts (0.8%) at 4458. Nasdaq comp' -0.9%. Dow -0.8%. The Transports settled -0.5%. R2K -1.0%.

SPX - daily5

VIX - daily3

Summary

US equities opened on a positive note, but the gains were shaky from the start, with the SPX cooling back to 4477. 

Meanwhile...

Almost two decades
 

The afternoon saw another rally attempt... but it failed, with a distinct case of 'rats selling into the weekend'.

Volatility picked up into the weekend, the VIX settling +11.4% to 20.95, a notable close above the key 20 threshold, which bodes problematic for next Monday.
-

Its a sign!


A glimpse of sun between the showers


The twilight zone

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

Goodnight from London
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