Thursday 22 August 2024

A red Thursday

US equity indexes closed broadly lower, SPX -50pts (0.9%) at 5570. Nasdaq comp' -1.7%. Dow -0.4%. The Transports settled -0.7%. R2K -0.9%

SPX - daily

VIX - daily

Summary

US equities opened a little higher, with the SPX printing a new cycle high of 5643. The gains were shaky from the start though, with cooling to 5563. The afternoon saw repeated bounce attempts, but all failing to break a new low of 5560, and settling at 5570.

Volatility was rather mixed, the VIX printing an early low of 15.90, but spiking upward to 18.06, and settling +7.9% to 17.55.


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

Goodnight from London
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