Friday 18 October 2019

Weakness into the weekend

US equity indexes closed mostly on a weak note, sp -11pts (0.4%) at 2986. Nasdaq comp' -0.8%. Dow -0.9%. The Transports settled +0.1%. Near term outlook offers cooling to sp'2911/2893.

sp'daily5



VIX'daily3



Summary

US equities opened in minor chop mode, but leaning on the weaker side. The early afternoon saw increasing weakness, not helped by spooky news about Boeing.

Volatility picked up a little, with the VIX settling +3.3% at 14.25. Regardless of the BREXIT related drama this weekend, the market is due some cooling to legacy gap of sp'2911/2893.
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Autumnal chill... 10c/50f


Will the UK take the dark and twisted path to BREXIT?
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Goodnight from London
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