Tuesday, 14 September 2021

Still leaning weak

US equity indexes closed broadly lower, SPX -25pts (0.6%) at 4443. Nasdaq comp' -0.4%. Dow -0.8%. The Transports settled -1.1%.

SPX - daily5

VIX - daily3


US equities opened on a positive note, as the capital markets were pleased with the slightly cooler inflation data. Yet the gains were shaky from the start, and it didn't take long for indexes to turn negative.


The phrase 'let them eat cake' comes to mind. Many on Twitter compared the Met Gala event to the Hunger Games.

Something different...

Tom probably doesn't look the type of person you hang with, but if you listen to those lyrics, there is something magical being said. The video has already picked up 7M views on Youtube after just a month.

The afternoon saw increasing weakness, with the SPX breaking a new cycle low of 4435, as Monday's black candle played out.

Volatility saw an opening reversal with equities, and picked up in the afternoon to 20.47, if settling +0.5% to 19.46, as the key 20 threshold is often difficult to settle above.

Moody skies

Full moon will be Sept'20th

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

Goodnight from London


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