Friday, 20 September 2019

Mostly quad-opex chop

US equity indexes closed moderately weak, sp -14pts (0.5%) at 2992. Nasdaq comp' -0.8%. Dow -0.6%. The two leaders - Trans/R2K, settled -0.5% and -0.1% respectively.




With it being quad-opex, it was a natural day of (mostly) minor chop. I note mostly, as there was a brief upset in early afternoon, on a headline that a Chinese delegation had cancelled a visit to some farm in Montana. Seriously, did that really merit an SPX drop from 3009 to the 2984s? The late afternoon saw minor chop resume, with the SPX settling -14pts at 2992.

Volatility picked up a little, with the VIX settling +9.0% at 15.32. S/t outlook leans bearish for equities, especially from Tuesday onward.

Another group making an escape

Still a touch of summer sun
Extra charts in AH (usually around 5pm EDT) @

Goodnight from London
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