Gains into the weekend

US equity indexes closed moderately higher, sp +14pts at 2651. The two leaders - Trans/R2K, settled higher by 0.4% and 0.1% respectively. VIX settled -5.7% at 9.58. Near term outlook offers a little cooling, but broadly, the year end target of 2683 remains on track.


sp'daily5

VIX'daily3

Summary

US equities opened moderately higher, and held gains into the weekend. Volatility was naturally ground lower for a fourth consecutive day, with the VIX notably back in the 9s. The 8s, even 7s are a viable threat before year end, not least if sp'2680/2720 zone.
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T-14 trading days left of 2017

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Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk

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