Trading Sunset

Thursday, 17 September 2020

Just another Thursday

US equity indexes mostly closed broadly lower, sp -28pts (0.8%) at 3357. Nasdaq comp' -1.3%. Dow -0.5%. The Transports settled -0.02%.

sp'daily5

VIX'daily3

Summary

It was just another Thursday in equity land, with the SPX opening very significantly lower, but 3330 was all the bears could muster... a notable 20pts above last Friday's low. Indeed, an opening reversal, with equities clawing upward into mid morning.

Early afternoon saw 3328... further chop to 3329 at 3pm, and leaning upward into the close.

Volatility saw an opening spike high of 28.91, but quickly cooled back, the VIX settling +1.6% at 26.46. Friday OPEX will be inclined toward broad chop, if leaning on the upward side.
--

London Parakeets...flying home

The last days of summer 2020

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

Goodnight from London
--
If you value my work, subscribe to my intraday service.
For details and the latest offers, see: https://www.tradingsunset.com

Wednesday, 16 September 2020

Post fed depression

US equity indexes closed rather mixed, sp -15pts (0.5%) at 3385. Nasdaq comp' -1.2%. Dow +0.1%. The Transports settled +0.7%.

sp'daily5

VIX'daily3

Summary

It was a relatively subdued fed day, with the SPX pushing to 3428 on the fed press release, but then swinging (if gently) lower into the late afternoon to 3384, for what was arguably a case of post fed depression.

The CEO of Print Central

Notable stock: Snowflake (SNOW), 1min, 1 day

Who doesn't like some mainstream hysteria? The latest tech-software company, trading at >100x sales. Whats not to like?

Volatility was itself subdued, the VIX settling +1.8% at 26.04. Thursday offers some equity weakness, but anything significant/sustained appears unlikely this side of the weekend/OPEX.
--

Spot the 1%

Summer is about ended

Tuesday, 15 September 2020

This is the way

US equity indexes mostly closed on a positive note, sp +17pts (0.5%) at 3401. Nasdaq comp' +1.2%. Dow u/c. The Transports settled +0.8%.

sp'daily5

VIX'daily3

Summary

US equities opened on a broadly positive note, with the SPX battling to 3419 in the opening 15minutes.

In more important news...

The first episode of season two of the Mandalorian will air Oct'30th on Disney+, and it will make for an especially pleasing distraction from the mass hysteria of the US election... and some seven weeks beyond.
--

Meanwhile...

"Crazy Nancy" - Cramer, addressing the Speaking of the House, Nancy Pelosi.

It was indeed just another day in the twilight zone...

The afternoon saw the 'Apple event', but many were frustrated there was no new iPhone. The market had already been leaning weak before 1pm, and the late afternoon saw some moderate cooling to 3389, with a mini recovery into the close to 3402.

Volatility was itself subdued ahead of the fed, the VIX settling -1.0% at 25.59. Whilst the fed can't be expected to announce anything of significance, Wednesday afternoon will threaten some drama.
--

Summer continues to fade

The dark and twisted path... within the Twilight zone