Wednesday, 7 December 2022

Midweek bearish chop

US equity indexes closed on a weak note, SPX -7pts (0.2%) at 3933. Nasdaq comp' -0.5%. Dow u/c. The Transports settled -0.9%. R2K -0.3%. 

SPX - daily

VIX - daily


US equities opened in minor chop mode, if leaning on the weaker side. The day saw considerable chop into the late afternoon.

Volatility was itself subdued, the VIX printing 23.01, and settling +2.3% to 22.68. Tomorrow is a Thursday, which will inherently favour the bears. Mr Market is arguably looking for ANY excuse to tag the 50dma... within yellow downside gap, and that would arguably sync with VIX 25/26s.

A fine... but very cold December day


The moon, and to the lower left... Mars

Mars... 82M km away... 4.5mins at light speed

'Good Night Oppy' - by Amazon. I highly recommend this documentary, on the two Mars rovers of Opportunity and Spirit...


The full moon

Extra charts in AH (usually around 5pm EST) @

Goodnight from London


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