Friday, 19 July 2024

Falling into the weekend

US equity indexes closed on a weak note, SPX -39pts (0.7%) at 5505. Nasdaq comp' -0.8%. Dow -0.9%. The Transports settled -0.02%. R2K -0.5%

SPX - daily

VIX - daily

Summary

US equities opened a little choppy. There was a vain attempt to bounce, but the market resumed lower into the afternoon, printing a new cycle low of 5497, and settling at 5505.

Volatility picked up some more, the VIX printing 17.19, and settling +3.7% to 16.52.
-

27c/80f ... pretty hot


We're at/close to solar maximum

 

A little closer


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

Goodnight from London
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