Tuesday, 19 November 2024

Today was worse than yesterday

US equity indexes closed rather mixed, SPX +23pts (0.4%) at 5916. Nasdaq comp'+1.0%. Dow -0.3%. The Transports settled -0.7%. R2K +0.7%

SPX - daily

VIX - daily

Summary

US equities took a significant dive in pre-market, with news that Ukrainians - or rather US operatives, launched a missile attack on Russia. The SPX was -60pts, if opening -40pts or so.

The afternoon saw considerable chop... with the SPX stalling from last Friday's gap, to settle at 5916. 

Volatility was rather mixed, the VIX printing an opening high of 17.07, but cooling back to settle +4.9% at 16.35.

Matters on planet Krazy are worse, and I hold to the notion that today was worse than yesterday... with tomorrow to be worse than today.


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

Goodnight from London
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