Wednesday 5 January 2022

Print Central causing problems

US equity indexes closed very significantly lower, SPX -92pts (1.9%) at 4700. Nasdaq comp' -3.3%. Dow -1.1%. The Transports settled -1.4%. R2K -3.4%.

SPX - daily

VIX - daily

Summary

US equities opened in minor chop mode, and leaned on the weaker side into the mid afternoon. The press release from the Fed, aka... Print Central, upset the cart, with the market imploding into the close.

Volatility was subdued until 2pm... and then spiking to 20.17, the VIX settling +16.7% to 19.73. Thursday will inherently favour the equity bears.
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A crisp winter's day


Moon and the mighty Jupiter above


Full moon... Jan'17th (when the market will be closed)


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

Goodnight from London
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