Friday, 4 August 2017

A rather mixed week

US equity indexes ended the week on a positive note, sp +4pts at 2476. The two leaders - Trans/R2K, settled higher by 0.8% and 0.5% respectively. VIX settled -3.9% at 10.03. Near term outlook still threatens a 1-2 day washout to sp'2435, before a far better opportunity of pushing into the 2500s.




It was another very subdued day in equity land, with an sp'500 trading range of just 7.82pts. There was a clear rejection from sp'2480.00 in early morning, but the bears were still unable to muster anything other than a minor wave lower.

Market volatility is reflective of such subdued price action, with the VIX settling the week in the low 10s.


A net weekly gain for the sp'500 of 4pts (0.2%) at 2476. Its notable that the whilst the R2K saw a weekly decline of -1.2%, the mighty Dow climbed 1.2% to a new historic high of 22092.

The London crane index continues to tick higher

As ever, extra charts in AH @

Goodnight from London

*the weekend post will appear Sat'12pm, and will detail the World monthly indexes.