Tuesday 24 May 2016

Daily Wrap

US equities closed a little weak, sp -4pts @ 2048. The two leaders – Trans/R2K, settled lower by -0.4% and -0.1% respectively. VIX managed a minor gain of 4.1% @ 15.82. Near term outlook offers a break of the recent sp’2025 low, and that will re-open the door to a valid H/S target of 1970/60s.


sp'daily5b



VIX, daily3



Summary

It was not exactly the most exciting start to a week, as the market saw a great deal of price chop... but was distinctly leaning weak into the close.

VIX is still broadly subdued. A move to the key 20 threshold looks due... the bigger weekly chart is offering the 24/27 zone into early June.. although I realise most would be dismissive of that kind of powerful (if brief) spike.
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Day'1.. again

Today sure was different for yours truly. After four years here, it was kinda bizarre not to be posting via blogger/google. I'm not great with change, and my mind has been spinning just trying to figure out a type of DTP software.

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Goodnight from London

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