Thursday 20 April 2023

To infinity and beyond

US equity indexes mostly closed on a weak note, SPX -24pts (0.6%) at 4129. Nasdaq comp' -0.8%. Dow -0.3%. The Transports settled +0.1%. R2K -0.5%.

SPX - daily

VIX - daily

Summary

The day began with...

Punch it!

Four engines down
 
'Rapid unscheduled disassembly'

Whilst it ended with a self-destruct, it was still another step forwards to getting humanity back to the moon, and then onward to Mars. The next launch of a Starship might not be until next year, as it appears a flame trench will need to be added to (multiple) launch pads.
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US equities opened moderately lower. Once again.. all the bears could manage was 4122, with a bounce to 4148. There was a secondary wave lower, to break a new intraday low of 4114, settling at 4129.

Volatility picked up, the VIX printing 17.69, if cooling back to settle +4.3% to 17.17.

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

Goodnight from London
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