Monday 22 June 2020

Underlying upside

US equity indexes mostly closed on a positive note, sp +20pts (0.7%) at 3117. Nasdaq comp' +1.1%. Dow +0.6%. The Transports settled -0.2%.




US equities opened choppy, leaning on the weaker side. All the bears could muster was sp'3079, before the market clawed upward, stretching all the way into late afternoon to 3120, and settling at 3017. Today's price action was just another reminder of underlying upside.

Volatility opened lower, with the VIX settling -9.5% at 31.77, reflective of a comfortable mainstream.

A fine summer's day in the London metropolis
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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