Thursday 23 April 2020

Thursday swings

US equity indexes mostly closed fractionally mixed, sp -1pt (0.05%) at 2797. Nasdaq comp' -0.01%. Dow +0.17%. The Transports settled +1.4%.




Equities opened on a positive note, and battled until in the 12pm hour. Details of a Gilead Sciences (GILD) study on Remdesivir saw a significant swing lower.

The afternoon saw considerable chop, leaning on the weaker side, with the SPX settling fractionally negative.

Volatility was itself a little choppy, settling -1.4% at 41.38. The s/t cyclical setup favours the bears, and it could be expected, we should see some degree of 'rats selling into the weekend', as the lockdown continues.

Another sunset closer to summer
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: