Friday 8 December 2017

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.




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.

T-14 trading days left of 2017
Extra charts in AH (usually around 7pm EST) @

Goodnight from London

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