Monday 10 October 2022

Bearish start

US equity indexes mostly closed on a weak note, SPX -27pts (0.7%) at 3612. Nasdaq comp' -1.0%. Dow -0.3%. The Transports settled +0.5%. R2K -0.6%.

SPX - daily

VIX - daily

Summary

US equities opened a little choppy, if leaning to the upward side, the SPX printing 3652. From there... 'normal service' resumed, the SPX sliding to 3588... just 4pts above the recent low. The afternoon saw a bounce... if reversing from 3633. The closing hour saw considerable chop, if still mostly leaning on the weaker side.

Volatility remains elevated, the VIX settling +3.5% to 32.45.
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Descending into RAF Northolt


            Golden rays for the equity bears

The waning moon


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

Goodnight from London
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