OPEX weakness

US equity indexes closed broadly weak, SPX -32pts (0.7%) at 4327. Nasdaq comp' -0.8%. Dow -0.9%. The Transports settled -1.4%.

SPX - daily5

VIX - daily3

Summary

US equities opened moderately higher, but the gains were shaky from the start, and it didn't take long for indexes to turn red. 

The afternoon saw further chop, but still leaning on the weaker side. Considering it was OPEX, today's net declines are actually worse than it might seem.

Volatility was mixed, the VIX printing an opening low of 16.03, but then battling upward into the weekend, settling +8.5% to 18.45.

I will just add, today's SPX candle is of the bearish engulfing type, with a mirroring bullish engulfing candle for the VIX. That doesn't mean Monday will gap lower, but it does mean next week should see somewhat lower levels.
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A fine summer's evening

 

Full moon... July 23rd

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

Goodnight from London
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Another red Thursday

US equity indexes mostly closed on a weak note, SPX -14pts (0.3%) at 4360. Nasdaq comp' -0.7%. Dow +0.2%. The Transports settled +0.05%. R2K -0.5%.

SPX - daily5

VIX - daily3

Summary

US equities opened on a weak note, and whilst price action was choppy, the market was always leaning on the weaker side.

Meanwhile...

 ... it just another day of transitories for Powell, this time facing the US Senators.

The afternoon saw further cooling to 4340, with a little bounce into the close.

Volatility picked up, the VIX settling +4.2% to 17.01.
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A fine end to the day

 

Next full moon is July 23rd

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

Goodnight from London
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Midweek chop

US equity indexes mostly closed a little mixed, SPX +5pts (0.1%) at 4374. Nasdaq comp' -0.2%. Dow +0.1%. The Transports settled +0.1%. R2K -1.5%

SPX - daily5

VIX - daily3

Summary

US equities opened on a positive note, with the SPX printing a new historic high of 4393. The gains were shaky from the start though, with indexes turning negative just before Powell appeared...

The CEO of Print Central

The afternoon saw considerable chop, if cooling back a little.

Volatility was subdued, the VIX settling -4.6% to 16.33. Tomorrow is a Thursday, and that will inherently lean to the equity bears, before some Friday-OPEX chop.
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Bullish summer evenings

–
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