US equities opened a little weak, but then saw algo-bot upward melt, which continued into the late afternoon. There was a notable trio of new historic highs in the Transports, R2K, and the NYSE comp'.
With equity price action subdued, volatility itself remained low, with the VIX once again settling in the 9s.
Bonus chart: Transports, daily
The tranny climbed for a seventh consecutive day, and is well above the old trading ceiling. The giant psy' level of 10k is clearly viable in the immediate term. The long term implications of the upside break are profoundly bullish. Same applies to the R2K.
|A very autumnal London|
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Goodnight from London
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