Friday 18 February 2022

Rats selling into the long weekend

US equity indexes closed on a weak note, SPX -31pts (0.7%) at 4348. Nasdaq comp' -1.2%. Dow -0.7%. The Transports settled -0.2%. R2K -0.9%.

SPX - daily

VIX - daily

Summary

US equities were moderately higher in pre-market, but by the open... they had already turned to minor declines... reflective of underlying weakness. The morning saw considerable chop, if increasingly leaning on the weaker side.

The afternoon saw yet another bounce attempt to fractional gains, but the closing hour saw a fine example of 'rats selling into the long weekend'.

Volatility picked up to 29.71, if settling -1.3% to 27.75.
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Atlantic Storm Eunice caused a few minor issues


A sunny... if windswept end to the week

 

The waning moon

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

Goodnight from London
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