Tuesday 4 August 2020

Tedious Tuesday

US equity indexes closed moderately higher, sp +11pts (0.4%) at 3306. Nasdaq comp' +0.3%. Dow +0.6%. The Transports settled +0.7%.

sp'daily5

VIX'daily3

 

Summary

US equities opened in chop mode, with the SPX printing an early low of 3286, and reversing upward to break a fractional new multi-month high of 3303. The afternoon saw further tedious minor chop, but with a mini ramp in the final few minutes to a new cycle high of 3306.

Volatility remained subdued, the VIX settling -2.1% to 23.76.
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Still a rare sight
Still a rare sight


Summer won't last forever
Summer won't last forever


Full moon... the early hours of August 4th
Full moon... the early hours of August 4th
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Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk

Goodnight from London

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