Saturday, 8 April 2017

So much for the good news

US equity indexes closed moderately mixed, sp -1.9pts at 2355. The two leaders -Trans/R2K, settled -0.3% and u/c respectively. VIX settled +3.9% at 12.87. Near term outlook offers another attempt to clear big resistance of the 2380/90 zone before the Easter break. A broader move to the 2425/50 zone seems due by early May.




Well, I ended yesterday on a rather positive note. Jobs data was looking like it would come in 'reasonable'.. somewhere above 200k.

Instead.... Trump launched an overnight cruise missile barrage to a Syrian airbase. The jobs data came in at just 98k, and there was an Islamic terrorist attack in Sweden.

As for the market... it was a day of minor chop, with a VIX that was still reflecting a capital market with no real concerns. Pretty incredible, right?

Something good though...

Spring sunshine amongst the Hawthorn flowers. That is bullish, right?

Goodnight from London

*the weekend post will appear Sat' 12pm, and will detail the US monthly indexes