Friday, 21 April 2017

The swings continue

US equity indexes closed broadly higher, sp +17pts at 2355. The two leaders - Trans/R2K, settled higher by 1.7% and 1.2% respectively. VIX settled -5.2% at 14.15. Near term outlook threatens a little weakness, with the market primed to settle opex/weekend around 2350.




The moderate swings continue, with today seeing the market managing some broad upside. A minor gap of 2353/57 was filled, Mr Market washed out the sp'2360 short-stops, before some cooling into the close.. partly due to what appears to be another Paris terror attack.

*Notably, the Nasdaq comp' is a mere 10pts from breaking a new historic high (5936). The 6000s are clearly within range before end month.

Market volatility remains naturally subdued... with the VIX back in the low 14s. The 13s are clearly viable tomorrow, but the 12s look out of range, as we have the uncertainly of round one of the French election this Sunday.

As ever.. extra charts in AH via

Goodnight from London