Friday, 5 August 2022

Good news is bad news

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


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.

Another fine day

Full moon will be August 11th

Extra charts in AH (usually around 5pm EST) @

Goodnight from London


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