A red Thursday

US equity indexes closed broadly lower, SPX -37pts (0.9%) at 4320. Nasdaq comp' -0.7%. Dow -0.8%. The Transports settled -3.3%.

SPX - daily5

VIX - daily3

Summary

It was a Thursday, and frankly, it wasn't particularly surprising to see more red boxes than green. The gap lower was the largest we've seen in some weeks. The SPX found a floor of 4289, before bouncing into the afternoon, with some moderate chop into the close.

Volatility picked up, with the VIX printing 21.29, and settling +17.3% to 19.00. The s/t outlook favours the equity bears, but broadly... the market looks fine into August, if not to around Labor day.
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A fine summers day

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Goodnight from London
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Positive leaning chop

US equity indexes mostly closed positive, SPX +14pts (0.3%) at 4358. Nasdaq comp' +0.01%. Dow +0.3%. The Transports settled +0.6%. R2K -0.9%.

SPX - daily5

VIX - daily3

Summary

It was a day of considerable chop, if mostly leaning on the positive side, the SPX once again breaking a new historic high of 4361.

Volatility cooled back, the VIX settling -1.5% to 16.20.
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Sundog... to the left

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

Goodnight from London
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Starting weak

US equity indexes closed rather mixed, SPX -8pts (-0.2%) at 4343. Nasdaq comp' +0.2%. Dow -0.6%. The Transports settled -1.0%.

SPX - daily5

VIX - daily3

Summary

US equities began the short week on a weak note, but all the bears could manage was sp'4314, before a latter day recovery. I'd note the SPX and Nasdaq comp' both broke (if fractional) new historic highs, a reminder of underlying upward pressure.

Volatility remained relatively subdued, the VIX settling +9.1% to 16.44.

Bullish 5G wireless towers

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

Goodnight from London
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