Thursday 16 July 2020

Weakness ahead of OPEX

US equity indexes mostly closed on a weak note, sp -10pts (0.3%) at 3215. Nasdaq comp' -0.7%. Dow -0.5%. The Transports settled +0.5%.




US equities opened broadly weak, but sp'3198 was all the bears could manage, before the market slipped into moderate chop mode.


The latest jobs data showed another improvement, 1.300M vs 1.310 prior. The problems will begin in August though, with the CARES $600 unemployment support set to expire. Right now, an extension appears unlikely.

The afternoon saw considerable chop, with a closing hour mini ramp to 3220, and settling at 3215.

Volatility picked up... if only to 29.29, the VIX settling +0.9% at 28.00. Friday OPEX will lean to broad chop.

The best of the USA, of humanity.
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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