Wednesday 22 July 2020

Midweek chop

US equity indexes mostly closed on a positive note, sp +18pts (0.6%) at 3276. Nasdaq comp' +0.2%. Dow +0.6%. The Transports settled -0.1%.




US equities opened in minor chop mode, after overnight declines were negated with yet another 'breaking news: Corona vaccine/treatment' headline...

They're going to roll out this vaccine candidate, whether its 'significantly' beneficial or not, if only to bolster morale, right?

The afternoon saw further chop, but with a closing hour mini ramp to a new multi-month high of sp'3279, ahead of MSFT and TSLA earnings.

Volatility melted lower, the VIX settling -2.1% to 24.32.

Another sunset closer to winter 2020/21.

Next full moon.... Aug'3rd
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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