Wednesday, 5 October 2022

Midweek retrace

US equity indexes closed a little weak, SPX -7pts (0.2%) at 3783. Nasdaq comp' -0.2%. Dow -0.1%. The Transports settled -0.5%. R2K -0.7%.

SPX - daily

VIX - daily

Summary

US equities opened broadly weak, not helped by European markets. However, the cooling wave was arguably just a retrace of the massive Mon/Tues' ramp. The SPX printed 3722 (a tag of orange gap), before recovering upward into the late afternoon to 3808, if cooling back to settle at 3783.

Volatility was subdued, the VIX printing 30.11, but settling -1.8% to 28.55.
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Something different...


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Descending into the land of GBPUSD 1.13s


Sunshine after the rains

 

Full moon will be Oct'9th

SpaceX need a base on the southside!

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Goodnight from London
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