Thursday 2 July 2020

Into the long weekend

US equity indexes closed on a positive note, sp +14pts (0.4%) at 3130. Nasdaq comp' +0.5%. Dow +0.4%. The Transports settled +0.9%.




US equities were broadly higher in early pre-market, and caught an extra wave upward on the monthly jobs data from the BLS.

Equities duly opened very significantly higher, with the SPX pushing to 3165. There was a mid morning cooling wave to 3130, but then renewed upside into the early afternoon. The late afternoon saw some distinct cooling, which made for a daily black candle, and that bodes bearish for Mon/Tuesday.

Volatility was in melt mode, the VIX settling -3.3% to 27.68.

Sunshine and showers into the long weekend

Full moon... July 5th
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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