Friday 15 May 2020

Naturally choppy

US equity indexes closed rather mixed, sp +11pts (0.4%) at 2863. Nasdaq comp' +0.8%. Dow +0.2%. The Transports settled -1.3%. Near term outlook offers another swing lower.

sp'daily5



VIX'daily3



Summary

US equities opened broadly lower, largely spooked by rising US/China trade tensions.

An unofficial mouthpiece of the CCP

The afternoon saw considerable chop, and leaning upward into the weekend.
Volatility was itself choppy, the VIX settling -2.2% to 31.89.
--

A fine end to the week
--
Extra charts in AH (usually around 5pm EST) @ https://twitter.com/permabear_uk

Goodnight from London
--
If you value my work, subscribe to my intraday service. 
For details and the latest offers, see: Permabeardoomster.com