Monday 3 June 2024

Monday reversal

US equity indexes closed rather mixed, SPX +5pts (0.1%) at 5283. Nasdaq comp' +0.6%. Dow -0.3%. The Transports settled -1.1%. R2K -0.5%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, the SPX printing 5302. The gains were a little shaky though, with a rather significant downside reversal to 5234. 

In mid morning, the machines broke again at the NYSE, with some truly bizarre drops in a fair few stocks, not least GOLD and BRK.A

 




I'd keep today's malfunction in context to last Thursday, when a few of the indexes weren't printing for an hour. Have you noticed, no one ever explains WHY such events occurred. Its just a case of 'move along.... move along'.
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The afternoon saw a recovery to settle fractionally higher at 5283.

Volatility picked up, but the gain was largely technical, the VIX printing 14.31, but cooling back to settle +1.5% to 13.11


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

Goodnight from London
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