US equity indexes closed very significantly lower, SPX -94pts (2.1%) at 4380. Nasdaq comp' -2.9%. Dow -1.8%. The Transports settled -1.9%. R2K -2.6%.
SPX - daily
VIX - daily
Summary
It was a Thursday, and once more... there were more red boxes than green. There were a few bounce attempts... but all failed, as many are understandably spooked about holding across the long weekend.
Volatility picked up, the VIX settling +15.7% to 28.11. Whilst the bulls can argue the market is s/t oversold... Friday threatens a severe case of 'rats selling into the weekend'.
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Meanwhile...
Unleaded gasoline: 145.9 pence per liter, x 3.785 (liter> US gallon) x 1.3626 (GBP >USD) = $7.52.
I'm somewhat surprised its not already $8.00 a gallon. In any case... UK (and globally) drivers are set to see higher prices into the spring, if not across the summer. $10.00 a gallon would be quite the story!
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| Its a sign. Well, yes... literally. |
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| Moody skies... ahead of Atlantic storm Eunice |
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| Ohh the mystery... and the market drama! |
Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
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