Friday 12 June 2020

Instability into the weekend

US equity indexes ended the week on a positive note, sp +39pts (1.3%) at 3041. Nasdaq comp' +1.0%. Dow +1.9%. The Transports settled +2.7%.




US equities opened very significantly higher, helped by European markets. The gains were shaky though, with the SPX maxing out at 3088, and swinging to 3003. There was a secondary ramp to 3055, but then a new intraday low of 2984 in early afternoon. The late afternoon saw another swing upward.

Volatility was itself rather wild, printing 44.16, but settling -11.5% to 36.09. Prime target are the sp'2830s, which should equate to VIX 55s or so.

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

Goodnight from London
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