Friday 7 October 2022

Good news is bad news

US equity indexes closed powerfully lower, SPX -104pts (2.8%) at 3639. Nasdaq comp' -3.8%. Dow -2.1%. The Transports settled -2.8%. R2K -2.9%.

SPX - daily

VIX - daily

Summary

The day began in pre-market...


... with good jobs data seen as bad news for equities, the SPX opened significantly lower. There were numerous bounces attempts across the day, but all failed, the SPX spiraling lower into the weekend.

Volatility picked up, the VIX settling +2.7% to 31.36.
-

Full moon is this Sunday


The moon... and to the left... Jupiter


The four 'Galilean' moons of Jupiter

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

Goodnight from London
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