Wednesday, 9 November 2022

Post election depression

US equity indexes closed very significantly lower, SPX -79pts (2.1%) at 3748. Nasdaq comp' -2.5%. Dow -1.9%. The Transports settled -2.5%. R2K -2.7%.

SPX - daily

VIX - daily

Summary

US equities opened on a weak note. The morning saw considerable chop, if leaning on the weaker side. The afternoon saw increasing downside, not helped by further turmoil within the crypto market.

Volatility picked up, if only a little, the VIX settling +2.1% to 26.09.

Tomorrow is a Thursday... with a likely 'hot' CPI print. We could expect more red boxes than green.
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A little sunshine... helps.


Gold remains m/t bearish


A failed state of the UK

 


Best possible zoom

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

Goodnight from London
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