Wednesday 8 June 2022

Midweek downside

US equity indexes closed broadly lower, SPX -44pts (1.1%) at 4115. Nasdaq comp' -0.7%. Dow -0.8%. The Transports settled -3.8%. R2K -1.5%.

SPX - daily

VIX - daily

Summary

US equities opened broadly weak, but the bears could only manage 4130, with a reversal to 4159. There was a secondary wave lower in the afternoon to4107, with the main market settling broadly lower.

Volatility was mixed, the VIX printing 24.78, but settling -0.25% to 23.96.
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Meanwhile...

Horror... through the trees


Gasoline: 180.9 x 3.785 x 1.2541 = $8.59
Diesel: 189.9 x 3.785 x 1.2541 = $9.01
 
Neither of which are going to help the UK consumer into the summer
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Golden sunshine on the edge of a storm

 
Next full moon is June 14th
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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