Tuesday 10 September 2019

Tuesday swings

US equity indexes closed rather mixed, sp +1pt at 2979. Nasdaq comp' -0.04%. Dow +0.3%. The two leaders - Trans/R2K, settled +1.5% and -0.1% respectively.




US equities opened a little weak, with the SPX flooring at  2957, and then a very natural rebound into early afternoon. The closing hour saw a mini ramp, with the SPX even turning fractionally positive, settling +1pt to 2979. 

Volatility picked up a little, with the VIX printing 16.52 in late morning, but settling -0.5% at 15.20. S/t outlook still offers the sp'2920s with VIX 18/19s. The ECB this Thursday would be a prime excuse.

Autumnal skies

Full moon is Sept'14th
Extra charts in AH (usually around 5pm EDT) @ https://twitter.com/permabear_uk

Goodnight from London
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