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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