sp'daily5
VIX'daily3
Summary
US equities opened moderately higher, saw an early high of 2717, and then cooled back to around u/c. Yet again, the buyers appeared, pushing strongly upward into the afternoon. Today's high of 2731.51 is notably 198.82pts (7.8%) above last Friday's low.
Volatility saw a mixed day, seeing a high of 20.66, but settling lower for a fifth consecutive day in the low 19s. Considering a 3 day holiday weekend is ahead, the VIX will likely see further cooling on Friday.
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Bonus chart: Germany, monthly
With 9 trading days left of February, the DAX is currently -6.4% at 12346, notably still under the key 10MA. The German market is central to the EU, and how it settles the month should be seen as very important. Cyclically, its looking ugly, as a bearish MACD cross is due.
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| Sunny skies for the equity bulls |
Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
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