Friday, 4 August 2023

Reversal into the weekend

US equity indexes closed on a weak note, SPX -23pts (0.5%) at 4478. Nasdaq comp' -0.4%. Dow -0.4%. The Transports settled -0.5%. R2K -0.2%

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, and whilst there was early cooling to turn fractionally negative, there was a secondary push upward to 4540... notably 10pts shy of the Wednesday gap. From around 1pm... a rather significant cooling wave, to turn moderately negative to 4474, and settling at 4478.

Volatility was very mixed, the VIX printing 14.57, but swinging upward to 17.39, and settling +7.4% to 17.10.
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Star Trek: Strange New Worlds, 2x09





'Flying Blind'... La'an Noonien-Singh (Christina Chong)


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

Goodnight from London
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