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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