Friday 2 September 2022

Into the long weekend

US equity indexes closed significantly lower, SPX -42pts (1.1%) at 3924. Nasdaq comp' -1.3%. Dow -1.1%. The Transports settled -1.3%. R2K -0.8%.

SPX - daily

VIX - daily

Summary

US equities opened on a positive note, and whilst the gains were shaky, there was a more decisive secondary push upward, the SPX printing 4018. Lunchtime saw the market upset by news Gazprom has cut supply due to a leak. The SPX spiraled to 3906... just 3pts above the Thursday low, with a minor short covering rally to settle at 3924.

Volatility was very mixed, the VIX printing 23.19, spiking to 26.28, if cooling back to settle -0.3% to 25.47. 


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

Goodnight from London
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