Friday, 17 March 2017

Subdued end to the week

US equity indexes closed moderately mixed, sp -3pts at 2378. The two leaders - Trans/R2K, settled -0.4% and +0.4% respectively. VIX settled +0.6% at 11.28. Near term outlook offers another push into the sp'2400s, with the 2500s a viable target if the Market can cope with the French elections in April/May.




It was quad-opex, and price action was naturally rather tight, with a trading range for the sp'500 of just 8pts. VIX was itself subdued, swinging from an intra low of 10.78 to settle fractionally higher in the low 11s.

Goodnight from London

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