Wednesday, 3 February 2021

Midweek chop

US equity indexes mostly closed fractionally higher, SPX +3pts (0.1%) at 3830. Nasdaq comp' -0.02%. Dow +0.1%. The Transports settled +0.04%.

sp'daily5

 


VIX'daily3

 


Summary

US equities opened on a positive note, but the gains were shaky from the start, and it didn't take long for indexes to turn negative... if only fractionally. The SPX rallied from 3816 to 3847. The late afternoon saw some rather typical cooling to settle at 3830.

Volatility was subdued, the VIX settling -10.4% to 22.91. The black SPX candle is subtly suggestive Thursday will see some broad/significant cooling.

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Moderately photo-shopped

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

Goodnight from London
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Tuesday, 2 February 2021

Bounce day two

US equity indexes closed very significantly higher, SPX +52pts (1.4%) at 3826. Nasdaq comp' +1.6%. Dow +1.6%. The Transports settled +2.2%.

sp'daily5

 


VIX'daily3

 


Summary

US equities opened on a positive note, and built very significant gains into the early afternoon. The SPX printed 3843, before some distinct closing hour cooling to settle at 3826.

Volatility was ground lower to 25.31, before recovering to settle -15.5% to 25.56. Last week's bearish engulfing weekly SPX candle threatens broader downside to 3600/3580.

Meanwhile... at SpaceX in Texas...

It still counts as a landing


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Golden sunshine

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

Goodnight from London
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Monday, 1 February 2021

The casino resumes

US equity indexes mostly closed significantly higher, SPX +59pts (1.6%) at 3773. Nasdaq comp' +2.5%. Dow +0.8%. The Transports settled +1.3%.

sp'daily5


VIX'daily3


Summary

US equities opened on a broadly positive note, although the gains were shaky from 3755, with some distinct cooling to 3725, before resuming upward.

Meanwhile...


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The afternoon saw considerable chop, with a little cooling from a high of 3784.

Volatility was mixed, the VIX settling -8.6% to 30.24.

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Earth, the moon, and the ISS.

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

Goodnight from London
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