Friday, 27 October 2023

Bearish into the weekend

US equity indexes mostly closed on a weak note, SPX -19pts (0.5%) at 4117. Nasdaq comp' +0.4%. Dow -1.1%. The Transports settled -0.7%. R2K -1.1%

SPX - daily

VIX - daily

Summary

US equities opened moderately higher, but the gains were distinctly shaky, with indexes cooling back. There was a secondary push upward, if only to 4156. The afternoon saw renewed downside to break a new cycle low of 4103, and settle at 4117.

Volatility was a little mixed, the VIX printing an early low of 19.72, but rebounding to 22.07, and settling +2.8% at 21.27.
-

    Fall colours


A distinct chill in the air

 

... almost full.


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

Goodnight from London
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