US equity indexes closed on a weak note, SPX -18pts (0.4%) at 4496. Nasdaq comp' -0.1%. Dow -0.6%. The Transports settled -2.2%. R2K -2.1%
SPX - daily
VIX - daily
Summary
US equities opened a little weak, with the SPX cooling to 4496, before a choppy rebound to 4514, settling moderately lower at 4496.
Volatility picked up, the VIX printing 14.47, if cooling back to settle +7.0% to 14.01.
Whilst Wednesday might open higher, I'd look for a downside reversal, as the broadly setup favours the bears into mid Sept'.
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| Sunspot group 3421 |
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| Unusually yellow |
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| 27c/80f... a fine late summer's day |
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Goodnight
from London
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