Friday 26 June 2020

Ending on a rough note

US equity indexes closed very significantly lower, sp -74pts (2.4%) at 3009. Nasdaq comp' -2.6%. Dow -2.8%. The Transports settled -2.2%.




US equities opened on a moderately weak note, and after an initial rally attempt, spiraled lower into the early afternoon, largely on increased Corona concerns.


The best of America and humanity... upgrading ISS, just east of Florida

The afternoon saw further weakness to sp'3004, settling at 3009, notably under the 200dma.

Volatility picked up, with the VIX settling +7.8% to 34.73. The 39/40s appear probable before end month, and that would arguably equate to spx <3k.

Storms clearing

A fine end to the day

33.7% moon
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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