US equity indexes closed rather mixed, SPX -6pts (0.2%) at 4145. Nasdaq comp' +0.5%. Dow +0.2%. The Transports settled +0.8%. R2K +0.8%.
SPX - daily
VIX - daily
Summary
US equities opened on a weak note, as the 'better than expected' jobs data was seen as bad news, on fear that rates will be significantly raised Sept'21st... if not beyond.
There was an opening reversal from 4107 to 4151... with some renewed weakness into late morning. The afternoon saw considerable micro chop.
Volatility was ground lower into the weekend, the VIX settling -1.3% to 21.15.
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| Another fine day |
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| Full moon will be August 11th |
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset
Goodnight from London
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