Midweek mix

US equity indexes closed very mixed, SPX -21pts (0.5%) at 3889. Nasdaq comp' -2.0%. Dow -0.01%. The Transports settled +1.0%. R2K -2.3%.

SPX - daily5

VIX - daily3

Summary

US equities opened in minor chop mode, with the SPX leaning upward to 3942 around 11am. The afternoon saw some distinct weakness, with the SPX settling at the lows. 

Volatility picked up, the VIX settling +4.4% to 21.20.
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Mid morning... above London

 

Another fine spring day

Full moon is Sunday March 28th

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

Goodnight from London
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Cooling back

US equity indexes closed broadly weak, SPX -30pts (0.8%) at 3910. Nasdaq comp' -1.1%. Dow -0.9%. The Transports settled -1.8%.

SPX - daily5

VIX - daily3

Summary

US equities opened on a choppy... if weak note, and remained that way into the early afternoon. 

Meanwhile...

 

Dallas Fed Governer Kaplan was touting CPI to max out at 2.25-2.50% this year, before 'settling back' in 2022. It remains the case that Print Central is the least reliable when it comes to any type of economic forecast. A random number generator (such as perhaps what the BLS use for employment data) would be better?

What if CPI climbs above 3.5% (which is my threshold for raising rates) this summer? Oh yeah, the Fed will just deem it 'transient', and maintain the ongoing madness of ZIRP.
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The afternoon saw the SPX cool from 3947 to 3901, and settling at 3910. Whilst some might argue it was due to Powell/Yellen comments - in testimony to the US political hacks, its arguably mostly just s/t cyclical factors.

Volatility picked up, with the VIX settling +7.5% to 20.30. 
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A glimpse of summer 2021

A fine spring day

Full moon will be March 28th.

A little closer

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

Goodnight from London
--

 

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Positive start

US equity indexes mostly closed positive, SPX +27pts (0.7%) at 3940. Nasdaq comp' +1.2%. Dow +0.3%. The Transports settled -0.1%.

SPX - daily5

VIX - daily3

Summary

The week began on a broadly positive note, the SPX opening in minor chop mode, but leaning upward, and building significant gains into the late afternoon.

Volatility was naturally subdued, the VIX settling -9.9% to 18.88.
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Spring Magnolias

Sun pillar

Twilight moon in the twilight zone

Bullish 332x zoom

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

Goodnight from London
--

 

If you value my work on Blogger, Twitter, and would like more of the same, then subscribe to my intraday service! For details and the latest offers, see: https://www.tradingsunset.com