Thursday, 6 August 2020

Positive leaning chop

US equity indexes closed broadly higher, sp +21pts (0.6%) at 3349. Nasdaq comp' +1.0%. Dow +0.7%. The Transports settled +1.1%.




US equities opened in chop mode, having recovered from pre-market moderate declines. The latest weekly jobs data was an improvement at 1.186M vs 1.435 (prior, revised). Still though, its a horrific print, as the reopening has partly stalled.

The market leaned upward into the afternoon, with the SPX printing a new multi-month high of 3351 in the closing hour, and settling at 3349.

Volatility remained subdued, the VIX settling -1.5% to 22.65.

A fine end to the day
A fine end to the day

Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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