Friday 22 December 2017

Minor chop into Christmas

US equity indexes closed a little mixed, sp -1pt at 2683. The two leaders - Trans/R2K, settled +0.4% and -0.3% respectively. VIX settled +2.9% at 9.90. Near term outlook offers moderate swings across the remaining four trading days of the year.




It was naturally a day of micro chop into the Christmas break. Most indexes leaned fractionally weak across the day, but in the scheme of things, it was largely all just 'minor noise'.

Volatility itself was subdued, with the VIX settling the week in the 9s. 2017 is set to be the first year since 2005, that we've not seen any price action above the key 20 threshold. 

Extra charts in AH (usually around 7pm EST) @

Goodnight from London

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