Monday 20 March 2017

Subdued price action

US equity indexes closed moderately weak, sp -4pts at 2373. The two leaders - Trans/R2K, both settled -0.5%. VIX settled +0.5% at 11.34. Near term outlook offers another lurch upward... as the 2425/50 zone seems a given into April earnings.




The week began on a pretty subdued note (don't I say that every week?), with the market seeing an afternoon swing from sp'2369 to 2376. The drama!

VIX remains naturally subdued.. still entirely unable to reach the 13s - last seen Jan'19th. Its notable we sure are seeing a great many black-fail daily candles, as any equity downside is usually reversed later in the day.

Yours truly wants your support.

I'm trying something new, and want to see if I can capture some added attention via Twitter. I'm aiming to post 3-5 charts each day in the late evening.

First target is 250,000 hits within a month. That is not exactly bold, I know a few who catch millions.

You can follow me on Twitter @

If you want to help.. retweet!   No... 'likes' don't count, and do nothing to build my audience, which is the primary aim of this endeavour.

Goodnight from London