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%.

sp'daily5



VIX'daily3



Summary

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) @ 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