It was another very subdued day in equity land, with an sp'500 trading range of just 7.82pts. There was a clear rejection from sp'2480.00 in early morning, but the bears were still unable to muster anything other than a minor wave lower.
Market volatility is reflective of such subdued price action, with the VIX settling the week in the low 10s.
A net weekly gain for the sp'500 of 4pts (0.2%) at 2476. Its notable that the whilst the R2K saw a weekly decline of -1.2%, the mighty Dow climbed 1.2% to a new historic high of 22092.
|The London crane index continues to tick higher|
As ever, extra charts in AH @ https://twitter.com/permabear_uk
Goodnight from London
*the weekend post will appear Sat'12pm, and will detail the World monthly indexes.