Cooling into the weekend

US equities closed moderately weak, sp -12pts @ 2164. The two leaders - Trans/R2K, settled lower by -0.3% and -0.7% respectively. VIX settled +2.2% @ 12.29. Near term outlook offers the sp'2180/90s next week... with the 2200s technically viable.


sp'daily5

VIX'daily3

Summary

After two broad net daily gains, it was not surprising to see a little cooling into the weekend. Its especially notable though, that the VIX only climbed a little, not even able to reach the 13s.

Goodnight from London
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*the weekend post will appear Sat' 12pm, and will detail the US weekly indexes