sp'daily5
VIX'daily3
Summary
US equities opened broadly weak, but sp'3198 was all the bears could manage, before the market slipped into moderate chop mode.
Meanwhile...
The latest jobs data showed another improvement, 1.300M vs 1.310 prior. The problems will begin in August though, with the CARES $600 unemployment support set to expire. Right now, an extension appears unlikely.
The afternoon saw considerable chop, with a closing hour mini ramp to 3220, and settling at 3215.
Volatility picked up... if only to 29.29, the VIX settling +0.9% at 28.00. Friday OPEX will lean to broad chop.
--
 |
| The best of the USA, of humanity. |
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
--
If you value my work, subscribe to my intraday service.
For details and the latest offers, see: Permabeardoomster.com
