Friday 4 October 2024

Climbing into a weekend surprise?

US equity indexes closed broadly higher, SPX +51pts (0.9%) at 5751. Nasdaq comp' +1.2%. Dow +0.8%. The Transports settled +0.4%. R2K +1.4%

SPX - daily

VIX - daily

Summary

US equities opened broadly higher, with the SPX seeing an early high of 5746. The gains were shaky though, with cooling to 5702. There was a secondary wave upward to print 5753, and settling at 5751.

Volatility was ground lower into the weekend, the VIX printing 18.48, with a micro upward spike to settle -6.2% to 19.21.
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The oak will outlast yours truly


 A fine Fall sunset


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

Goodnight from London
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Thursday 3 October 2024

A red Thursday

US equity indexes closed on a weak note, SPX -9pts (0.2%) at 5699. Nasdaq comp' -0.04%. Dow -0.4%. The Transports settled -1.4%. R2K -0.7%

SPX - daily

VIX - daily




Summary

US equities opened on a weak note. There were a few bounce attempts, but the market was riled up on concerns that Biden would support an Israeli attack on Iranian energy installations. The SPX printed 5677, if recovering to settle at 5699.

Volatility picked up, the VIX settling +8.4% to 20.49. Today's close above the key 20 threshold is significant.

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An active sun


... around 6.10pm BST


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

Goodnight from London
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Wednesday 2 October 2024

Bearish consolidation

US equity indexes closed mixed, SPX +0.8pts (0.01%) at 5709. Nasdaq comp' +0.1%. Dow +0.1%. The Transports settled -0.8%. R2K -0.1% 

SPX - daily

VIX - daily

Summary

US equities opened on a weak note, but all the bears could manage was 5674, with a bounce to 5719, and settling fractionally higher at 5709. Volatility was a little mixed, the VIX printing an early high of 20.36, but cooling back to settle -1.9% to 18.90.
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   Autumn colours


A day of sunshine and showers





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

Goodnight from London
--

 
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Tuesday 1 October 2024

October Surprises

US equity indexes mostly closed significantly lower, SPX -53pts (0.9%) at 5708. Nasdaq comp' -1.5%. Dow -0.4%. The Transports settled -1.2%. R2K -1.4%

SPX - daily

VIX - daily

Summary

US equities opened on a weak note, with the SPX spiraling to 5681, bouncing to 5730, and settling at 5708. Volatility spiked, the VIX printing 20.73, but cooling back to 18.19, and settling +15.1% at 19.26.


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

Goodnight from London
--

 
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