Wednesday, 9 August 2023

Midweek swings

US equity indexes closed on a weak note, SPX -31pts (0.7%) at 4467. Nasdaq comp' -1.2%. Dow -0.5%. The Transports settled -0.8%. R2K -0.8%

SPX - daily

VIX - daily

Summary

Equities opened in minor chop mode, with a cooling wave into late morning to 4461. There was a latter recovery to 4499, with closing hour cooling to settle at 4467.

Volatility was mixed, the VIX printing a morning low of 15.44, a mini spike to 16.87, and cooling back to settle -0.2% to 15.96. 
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A Red Admiral... is a good sign.


Double decks... too big to fly


21c/70f is Goldilocks


Another 4-5 weeks of summer warmth


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

Goodnight from London
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