Thursday 14 May 2020

Pre-OPEX reversal

US equity indexes closed broadly higher, sp +32pts (1.1%) at 2852. Nasdaq comp' +0.9%. Dow +1.6%. The Transports settled +0.5%.




US equities opened significantly lower, with the SPX breaking a new cycle low of 2766, but then reversing powerfully upward.

The afternoon saw considerable chop, but leaned back upward to break a new intraday high to settled at 2852. The VIX printed 39.28 in early morning, but cooled back, settling -7.6% at 32.61.

Bullish green

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Goodnight from London
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