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.
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A fine end to the day

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

Goodnight from London
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Just another day

US equity indexes closed broadly higher, sp +21pts (0.6%) at 3327. Nasdaq comp' +0.5%. Dow +1.4%. The Transports settled +1.3%.

sp'daily5

VIX'daily3

Summary

US equities opened on a positive note, although the latest ADP jobs data was a monstrous miss from expectations...

... and it doesn't bode well for the Friday BLS Print. Further data in early September will likely be reflective of all manner of underlying problems, which even the Fed can't paper over.

Meanwhile...

CNBC, aka... clown finance TV, are still playing their little games, with a rather overt attempt to direct attention from the ADP jobs data, by calling up Fed VC Clarida. Liesman is unquestionably 'in bed with the fed', although I guess... someone has to do it. Its good work if you can get it.

The afternoon saw considerable minor chop. With a new historic high for the Nasdaq comp', and a new multi-month high for the SPX, it was unquestionably, just another day for the equity bulls.

Volatility remained subdued, the VIX settling -3.2% to 22.99, reflective of a mainstream, with near zero concerns. After all, the Fed will solve ALL the problems, right?

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             Another day, another sunset

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

Goodnight from London
--

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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

Summer won't last forever

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

If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: Permabeardoomster.com