Tuesday 21 September 2021

Weak rebound

US equity indexes closed a little mixed, SPX -3pts (0.1%) at 4354. Nasdaq comp' +0.2%. Dow -0.1%. The Transports settled -0.2%. R2K +0.2%

SPX - daily5

VIX - daily3

Summary

US equities opened on a moderately positive note, but the gains were shaky from the start, and it didn't take long for most indexes to turn red... if only fractionally. 

Meanwhile..


Few on the streets of Philadelphia are concerned with Evergrande of China, or its impact on the US equity/capital markets.
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The afternoon saw considerable chop, leaning weak into the close On any basis... it was a distinctly weak rebound, and doesn't bode well for the near term.

Volatility was itself pretty volatile, the VIX settling -5.2% to 24.36.
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The last sunset of summer 2021

Autumn equinox 3.20pm EST, Sept'22


The waning moon


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

Goodnight from London
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