Thursday 6 August 2020

Positive leaning chop

US equity indexes closed broadly higher, sp +21pts (0.6%) at 3349. Nasdaq comp' +1.0%. Dow +0.7%. The Transports settled +1.1%.

sp'daily5

VIX'daily3

Summary

US equities opened in chop mode, having recovered from pre-market moderate declines. The latest weekly jobs data was an improvement at 1.186M vs 1.435 (prior, revised). Still though, its a horrific print, as the reopening has partly stalled.

The market leaned upward into the afternoon, with the SPX printing a new multi-month high of 3351 in the closing hour, and settling at 3349.

Volatility remained subdued, the VIX settling -1.5% to 22.65.
--

A fine end to the day
A fine end to the day
--

Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk

Goodnight from London
--
If you value my work, subscribe to my intraday service. 

For details and the latest offers, see: Permabeardoomster.com