Thursday 19 September 2019

Post FOMC chop

US equity indexes closed mostly on a weak note, spx +0.1pts at 3006. Nasdaq comp' +0.1%. Dow -0.2%. The two leaders - Trans/R2K, settled -0.7% and -0.4% respectively. Near term outlook offers chop into quad-opex.




Suffice to note, it was a day of moderate chop in equity land, although the SPX did come very close to the July historic high of 3027.98, maxing out at 3021.99. The afternoon saw a s/t cyclical rollover, with the SPX cooling to 3003, and settling effectively flat at 3006.

Volatility was ground to 13.31, but settled +0.7% at 14.05. S/t outlook offers quad-opex chop, with the market makers inclined to try to settle the week around the sp'3000 threshold.

Summer fading away

... the moon also fading away.
Extra charts in AH (usually around 5pm EDT) @

Goodnight from London
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