sp'daily5
VIX'daily3
Summary
US equities opened broadly higher, helped by superb earnings from GS and UNH, and built significant gains into the late afternoon. There was a touch of cooling in the closing hour from a high of 2713, and we are due a cooling wave, that might see a key higher low in the 2650/40s on Thursday.
With further equity strength, volatility melted lower for a sixth consecutive day, settling in the low 15s.
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Bonus chart: China, monthly
A Tuesday decline of -1.4%, now makes for a net April fall of -3.0% at 3066. Since Xi became leader for the next thousand years, the Shanghai comp' is not exactly performing so great. How long until the Chinese retail investors start getting twitchy?
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Extra charts in AH (usually around 7pm EST) @ https://twitter.com/permabear_uk
Goodnight from London
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