A bullish week

US equity indexes closed moderately weak, sp -3pts at 2390. The two leaders - Trans/R2K, settled lower by -0.4% and -0.5% respectively. VIX settled -1.9% at 10.40. Near term outlook offers renewed upside into the 2410/20s before end month. Broadly, the 2500s are a valid target by late Sept'.


sp'daily5

VIX'daily3

Summary

The week ended with an entire day of very minor chop, a trading range of just 5pts (0.2%). Market volatility remains very subdued, with the VIX naturally being knocked a little bit lower into the weekend.

With new historic highs (if fractional) in the Nasdaq comp' (6133) and the sp'500 (2403), it was a bullish week, but more on that tomorrow.
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Q/A from Najarian, aka. Dr J.

 
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Here in the metropolis...

A reasonable day... between some sharp showers. Bullish!

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