Tuesday 27 August 2024

Tedious Tuesday

US equity indexes closed somewhat mixed, SPX +8pts (0.2%) at 5625. Nasdaq comp' +0.2%. Dow +0.02%. The Transports settled -0.5%. R2K -0.8% 

SPX - daily

VIX - daily

Summary

US equities opened a little weak, but the declines (at least for the SPX) barely rated as moderate. The SPX recovered from 5593 to settle a little higher at 5625. Broadly though... it was another day of tedious price action.

Volatility was ground lower, the VIX settling -4.5% to 15.43.
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#everythingisfine

20c/68f is Goldilocks

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

Goodnight from London
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