Wednesday, 16 August 2023

A lower low

US equity indexes closed broadly lower, SPX -33pts (0.8%) at 4404. Nasdaq comp' -1.1%. Dow -0.5%. The Transports settled -1.0%. R2K -1.2%

SPX - daily

VIX - daily

Summary

US equities opened a touch weak, with a minor upward push to 4449, and then renewed cooling into the late afternoon to 4403, and settling at 4404.

Despite broadly weak equities, volatility was muted, the VIX settling +1.9% to 16.78.
-

Missed the sun


The days of summer are running out


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

Goodnight from London
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