Wednesday 28 August 2024

Midweek weakness

US equity indexes mostly closed on a weak note, SPX -33pts (0.6%) at 5592. Nasdaq comp' -1.1%. Dow -0.4%. The Transports settled +0.2%. R2K -0.7% 

SPX - daily

VIX - daily

Summary

US equities opened effectively flat, but the market did lean increasingly weak into the mid afternoon. The SPX printing 5560, if recovering to settle moderately lower at 5592.

Volatility picked up, the VIX printing 17.89, if cooling back to settle +10.9% to 17.11.


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

Goodnight from London
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