Friday 11 February 2022

The war drums are getting louder

US equity indexes closed very significantly lower, SPX -85pts (1.9%) at 4418. Nasdaq comp' -2.8%. Dow -1.4%. The Transports settled -2.5%. R2K -1.1%.

SPX - daily

VIX - daily

Summary

US equities opened in chop mode, with early moderate gains failing to hold. The market cooled into the early afternoon, and then spiraled on a PBS report that Russia appears to have chosen to invade Ukraine... 

 


... soon affirmed by a White House spokesman. The late afternoon saw broad weakness, settling on an outright ugly note. Volatility picked up, the VIX settling +14.4% to 27.36. Who knows what might happen this weekend?
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Winter chill


Full moon is next Wed' Feb'16th


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

Goodnight from London
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