Saturday, 22 April 2017

Chop into the weekend

US equity indexes closed moderately mixed, sp -7pts at 2348. The two leaders - Trans/R2K, settled +0.1% and -0.3% respectively. VIX settled +3.4% at 14.63. Near term outlook is uncertain, and will be highly dependent on round one of the French elections this Sunday. Regardless of any near term geo-political scares, another big push to new historic highs remains due.




It was a rather natural opex, with the market makers almost managing an optimal close around sp'2350/ SPY 235.00.

Volatility did lean a little higher, which is not surprising with the French election this Sunday. The key 20 threshold still looks out of range though, even if Le Pen is one of the top two candidates.

Goodnight from London

*the weekend post will appear Sat' 12pm EST, and will detail the US weekly indexes