Thursday 29 August 2024

Latter day cooling

US equity indexes closed rather mixed, SPX -0.2pts (0.00%) at 5591. Nasdaq comp' -0.2%. Dow +0.6%. The Transports settled +0.01%. R2K +0.7%

SPX - daily


VIX - daily

Summary

Equities opened a little higher, and whilst the opening gains were shaky (the Trans/R2K briefly turning red), there was a secondary push upward to 5646. The afternoon saw a significant cooling wave to print 5583, and settling almost precisely flat at 5591.

Volatility was mixed, the VIX printing a low of 15.19, spiking to 16.34, and settling -8.5% to 15.65.
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19c/66f is fine



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

Goodnight from London
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