Thursday, 20 July 2017

A little cooling

US equity indexes closed moderately mixed, sp -0.4pts at 2473. The two leaders - Trans/R2K, settled -1.0% and u/c respectively. VIX settled -2.1% at 9.58. Near term outlook offers opex-chop into the weekend, with weakness to at least partly fill the gap of sp'2435/25 next week.




US equities opened a little higher, with a quartet of new index highs for the sp'500, Nasdaq comp', nyse comp' and the R2K. There was an opening reversal, but it never lasted long, with equities challenging a new high in the late afternoon.. but getting stuck.

Market volatility remains very subdued, with the VIX still unable to break and hold the 10s. If sp'2435 next week, that should equate to VIX 11/12s. The low teens look out of range for the rest of the month.

Just another summer's day

Extra charts in AH @

Goodnight from London