US equities closed moderately mixed, sp -5pts @ 2181. The two leaders - Trans/R2K, settled higher by 0.7% and 0.5% respectively. VIX settled -3.7% @ 12.85. Near term outlook offers a small retrace of 1.5-2.0% to around the 50dma - in the sp'2150s. Broadly, the US market is unquestionably super strong.
*notable new historic highs of Nasdaq comp' 5346 and R2K 1316
It was a naturally choppy opex-end to the week. Cyclically, we're seeing price momentum start to tick lower, although a bearish MACD cross seems unlikely for at least clear two weeks.
VIX remained subdued, and there were the usual 'games' as it was knocked an extra bit lower into the close and in the brief 15mins of AH trade.
It was unquestionably another week for the equity bulls, with new historic highs in the Dow, Nasdaq comp', and the R2K. The sp', NYSE comp', and even the Transports can be expected to follow in the days, and weeks ahead.
Goodnight from London
*the weekend post will fully detail the US weekly indexes, and will appear Sat' @ 12pm EST.