US equity indexes closed moderately higher, sp +10pts @ 2187. The two leaders - Trans/R2K, settled both higher by around 0.5%. VIX settled -2.7% @ 13.35. Near term outlook threatens a retrace to the 50dma, but broadly the market remains strong, which is especially impressive considering the USD.
Well, so much for the retrace happening this week. Instead, equities have just continued to claw upward. Considering its opex tomorrow, at best, a weekly close around sp'2170, but that'd still make for a minor net weekly gain.
VIX remains naturally subdued.. even seeing the 12s this morning. The key 20 threshold looks a stretch.. even in mid Dec' - when the fed will raise rates.
Today saw the TENTH consecutive net daily gain for the R2K, is that a new record? I will merely add, even I am somewhat amazed to see R2K in the 1300s, as it was trading at 1156 on Nov'3rd. Mainstream talk will now move to talk of 1500s in 2017. A few of the more 'wild ones', will start talking about 'R2K @ 2K'.
Goodnight from London