US equity indexes closed a little mixed, SPX +0.6pts (0.01%) at 3901. Nasdaq comp' -0.3%. Dow +0.03%. The Transports settled +0.4%. R2K -0.2%.
SPX - daily
VIX - daily
Summary
US equities opened on a broadly positive note, with the SPX printing 3943. The gains were always shaky though, and with the sellers appearing, indexes turned.
The afternoon saw increasing weakness, with the SPX printing a new low for the year of 3810 - which is also the 38% fib retrace of 2189>4818.
Meanwhile... on the CNBC lunchtime show...
So many books... so many 'smart guys', all getting their ass kicked by Mr Market this year.
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The late afternoon saw a ramp, although it was arguably mostly short covering into the weekend/OPEX. Despite the recovery, that still made for a seventh consecutive net weekly decline. The mighty Dow was lower for an eighth week, the worse run since 1923 !
Volatility remained elevated, the VIX printing 32.91, if cooling back to settle +0.3% to 29.43.
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| Awaiting golden sunshine... |
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| Golden sunshine! |
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Extra charts in AH (usually around 5pm EST) @
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Goodnight
from London
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