Saturday, 18 February 2017

The long weekend

US equity indexes closed a little higher, sp +3pts at 2351. The two leaders - Trans/R2K, settled higher by 0.2% and 0.1% respectively. VIX settled -2.3% at 11.49. Near term outlook offers renewed upside across next week and into early March, with a viable upside target of the 2375/400 zone.




It was a day of minor chop... but that was natural, as it was opex.. ahead of a three day weekend. Most notable.. the Nasdaq comp', which managed a new historic high into the close.

Volatility remains subdued, and it was almost surprising that VIX did not settle the week in the 10s.

Goodnight from London

The weekend post will appear Sat' 12pm EST, and will detail the US weekly indexes.