Thursday, 8 August 2024

Thursday bounce

US equity indexes closed very significantly higher, SPX +119pts (2.3%) at 5319. Nasdaq comp' +2.9%. Dow +1.8%. The Transports settled +1.7%. R2K +2.4%

SPX - daily

VIX - daily

Summary

US equities opened significantly higher, with the SPX battling upward into the mid afternoon to 5328, and settling at 5319. Volatility was ground lower, the VIX settling -14.6% to 23.79.


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

Goodnight from London
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