Thursday 7 September 2023

Net bearish Thursday

US equity indexes mostly closed on a weak note, SPX -14pts (0.3%) at 4451. Nasdaq comp' -0.9%. Dow +0.2%. The Transports settled -0.5%. R2K -0.9%

SPX - daily

VIX - daily

Summary

US equities opened broadly lower, but there was an opening reversal. The SPX floored from 4430, saw a mini ramp to 4446, cooling back to 4430, to form a micro double floor. From there.. choppy upside into the late afternoon, settling at 4451.

Volatility was mixed, the VIX printing 15.69, if cooling back to settle -0.3% to 14.40.
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Goodnight from London
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