Mixed Thursday

US equity indexes closed moderately mixed, sp -8pts (0.3%) at 2837. Nasdaq comp' -1.0% at 7852. The two leaders - Trans/R2K, settled +0.8% and +0.6% respectively. VIX settled -1.2% at 12.14. Near term outlook offers chop into the weekend.


sp'daily5

VIX'daily3

Summary

It was a mixed Thursday, with sig' weakness in the Nasdaq, but moderate strength in the Dow and R2K. Volatility remained very subdued, melting lower for a fifth consecutive day, settling in the low 12s. S/t outlook offers chop into the weekend, but minimum technical necessity of sp'2768 remains due, and that will likely equate to VIX 14/15s.
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Bonus chart: Germany, monthly

With just three trading days left of the month, the DAX is currently +4.1% at 12809. A July settlement back above the key 10MA would give some extra confidence for Aug/Sept.

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Extra charts in AH (usually around 7pm EDT) @ https://twitter.com/permabear_uk

Goodnight from London
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