Chop into the weekend

US equities closed moderately mixed, sp -5pts at 2362. The two leaders - Trans/R2K, settled -0.4% and +0.2% respectively. VIX settled +7.2% at 12.37. Near term outlook offers a test of resistance at sp'2380/90 early next week. April is offering 'relatively easy' upside to the 2425/50 zone.


sp'daily5

VIX'daily3

Summary

The week/month/quarter ended with (naturally) a fair amount of minor chop. The sp'500 saw a trading range of just 8pts. There is big resistance around 2380/90, but with a very secure low of 2322.

Market volatility climbed into the weekend, but we're still only talking about a VIX in the 12s. It is notable that unlike February, March did see (if briefly) the 14s.

.. and thus concludes March.
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Something I noticed this evening...

Whomever did the above advert for 'Nutmeg' (a UK financial promoting retail equity investments) was a clear fan of the talking bears that were a thing a few years ago.

'Capital at risk'.   Indeed.

Goodnight from London
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*the weekend post will appear Sat'12pm EST, and will detail the World monthly indexes. It remains my most important post of the month.