US equity indexes closed broadly lower, SPX -43pts (1.0%) at 4136. Nasdaq comp' -1.6%. Dow -0.4%. The Transports settled -0.8%. R2K -0.7%.
SPX - daily
VIX - daily
Summary
US equities were leaning weak in pre-market, and then the jobs data was released...
Equities took a further step lower, as the market saw 'good news as bad news'. Even the mainstream cheerleader hacks were rather embarrassed, as equities spiraled.
--
US equities opened significantly lower, but there was a strong recovery from an early low of sp'4128, with indexes turning positive by around 11am. The afternoon saw a secondary wave lower to 4123, as s/t momentum turned negative. Despite net daily declines, that still made for a distinctly net bullish week.
Volatility was subdued, the VIX settling -2.1% to 18.33.
-
 |
| Full moon is this Sunday |
 |
| Bullish SpaceX, Starship to the moon... maybe 2025 |
Extra charts in AH (usually around 5pm EST) @
https://twitter.com/Trading_Sunset
Goodnight
from London
--
If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com
