Friday 12 July 2019

Historic highs into the weekend

US equity indexes ended the week on a very positive note, sp +13pts (0.5%) at 3013. Nasdaq comp' +0.6%. Dow +0.9%. The two leaders - Trans/R2K, settled +2.4% and 0.8% respectively.

sp'daily5



VIX'daily3



Summary

US equities opened a little higher, but it was more than enough to generate a new high in the SPX and Dow, with the Nasdaq comp' following a few hours later. The closing hour saw further new historic highs. On any basis, a very bullish end to the week.

Volatility was naturally subdued, with the VIX settling -4.2% at 12.39.
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A golden evening sky.

Full moon is next Tues' July 16th
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Goodnight from London
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