Choppy start

US equity indexes closed moderately mixed, sp -1pt at 2601. The two leaders - Trans/R2K, settled lower by -0.3% and -0.4% respectively. VIX settled +2.1% at 9.87. Near term outlook offers s/t cooling, but no lower than sp'2572/64. The 2640/50s appear due before year end.


sp'daily5

VIX'daily3

Summary

US equities began the week in micro chop mode, but it was still enough to generate two new historic highs in the sp' and nasdaq comp'. There was a little cooling into the afternoon, with most indexes settling on the weaker side.

Volatility saw a little burst at the open, but cooled back to settle in the upper 9s.Things can only get more dynamic as the week proceeds, yes?
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