Friday 30 August 2024

Into the long weekend

US equity indexes closed significantly higher, SPX +56pts (1.0%) at 5648. Nasdaq comp' +1.1%. Dow +0.5%. The Transports settled +1.1%. R2K +0.6%

SPX - daily

VIX - daily

Summary

Equities opened on a positive note, the SPX pushing to 5632. There was a rather significant cooling wave to 5581. The late afternoon saw a mini ramp to 5651, and settling sig' higher at 5648.

Volatility was a little mixed, the VIX printing an early afternoon high of 16.04, cooling back to 14.78, and settling -4.1% to 15.00.

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A fine day... in late summer


          Bullish oxygen producers


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

Goodnight from London
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