Thursday, 3 February 2022

It was a red Thursday

US equity indexes closed very significantly lower, SPX -111pts (2.4%) at 4477. Nasdaq comp' -3.7%. Dow -1.5%. The Transports settled -1.7%. R2K -1.9%. 

SPX - daily

VIX - daily

Summary

US equities opened significantly lower, lead lower by tech... not helped via FB and SPOT. There were a few bounce attempts, but all failed, with the market sliding into the late afternoon.

Volatility picked up, the VIX settling +10.2% to 24.35. 

As I often note... Thursdays do tend to favour the bears. Now its case of how the week settles.
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The UK... set for monstrously higher energy prices


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

Goodnight from London
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