Wednesday 2 September 2020

Ascending to new highs

US equity indexes closed significantly higher, sp +53pts (1.5%) at 3580. Nasdaq comp' +1.0%. Dow +1.6%. The Transports settled +1.2%.




US equities opened on a positive note, with the SPX and Nasdaq comp' breaking new historic highs. VIX held up though, and it was a subtle early warning of a mini washout... not least within some of the key tech leaders like AAPL and TSLA.


David Blaine's latest stunt...

After the morning mini washout, the afternoon saw the market claw back upward, with the usual two - SPX & COMPQ, breaking new hist' highs in the closing hour. There is simply zero sign of a s/t ceiling/turn.

Volatility notably held up, with the VIX settling +1.7% to 26.57.

"Yes, well, I am the nice one". - Supreme Being, Time Bandits (1981)
Extra charts in AH (usually around 5pm EST) @

Goodnight from London
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