Thursday 4 November 2021

No break yet

US equity indexes closed rather mixed, SPX +19pts (0.4%) at 4680. Nasdaq comp' +0.8%. Dow -0.1%. The Transports settled -0.8%. R2K -0.05% 

SPX - daily5

VIX - daily3

Summary

It was just another day for the US equity bulls, with the SPX printing a new hist' high of 4683.

Meanwhile...


Another day closer to the Dark Winter, as not all of those currently on the streets of Philadelphia will survive into spring 2022.
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On LaPalma, whilst the cold isn't a problem, if the Lava didn't destroy your home, the ash is almost as big of a problem...


There is chatter that the volcano might be exhausting itself, but the same was said of Pompei. Were the latter to occur, the residents of LaPalma - around 85000, wouldn't have time to escape. Clearly though, the probability of that happening any time soon... are close to zero.
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The afternoon saw considerable chop, if still leaning on the upward side.

Volatility was subdued, the VIX settling +2.2% to 15.44.


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

Goodnight from London
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