Tuesday 27 September 2022

Tuesday chop

US equity indexes closed rather mixed, SPX -7pts (0.2%) at 3647. Nasdaq comp'+0.2%. Dow -0.4%. The Transports settled +1.3%. R2K +0.3%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher to 3717, but did see a full reversal, with the SPX breaking below the June low (3636) to 3623.

Meanwhile...


To their credit, CNBC are very consistent, bringing on the same old names... touting the same old nonsense, over and over... and over and over... and over again.

 


 ... even more Belski, with the Cramer...


Imagine getting paid the big bucks... for being consistently wrong, and STILL getting air time!

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The late afternoon saw a recovery, if still settling on a weak note.

Volatility was mixed, the VIX printing 30.30, but swinging upward to 34.14, and settling +1.0% to 32.60.
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/Trading_Sunset

Goodnight from London
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