The chop continues

US equity indexes closed a little mixed, sp +8pts (0.3%) at 2733 (intra low 2709). The two leaders - Trans/R2K, settled -0.1% and +0.1% respectively. VIX settled -4.8% at 12.58. Near term outlook threatens a brief washout to the sp'2670s.


sp'daily5

VIX'daily3

Summary

US equities saw yet another day of moderate chop, seeing a low of 2709, but then a latter day recovery to turn fractionally higher. Its notable that today was day eight, within what is a pretty tight trading range of 2742/01.

Volatility naturally jumped in early trading (intra high 14.60), but then cooled into the late afternoon, settling moderately lower in the mid 12s.
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Goodnight from London
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