Wednesday 19 October 2022

Midweek cooling

US equity indexes closed broadly lower, SPX -24pts (0.7%) at 3695. Nasdaq comp' -0.8%. Dow -0.3%. The Transports settled -1.7%. R2K -1.8%. 

SPX - daily

VIX - daily

Summary

US equities opened on a weak note, and whilst the SPX did turn positive, it was... transitory. The market saw increasing downside into the mid afternoon, as s/t momentum turned negative. The late afternoon saw a minor recovery, if still settling broadly lower.

Volatility remained broadly elevated, the VIX settling +0.8% to 30.76.
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Preparing for winter 2022/23

The twilight zone


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

Goodnight from London
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