sp'daily5
VIX'daily3
Summary
US equities opened moderately higher, although the gains were a little shaky. However, the buyers did appear - especially within tech, and the market battled upward into the close. The VIX was naturally very subdued, melting lower to the mid 12s. S/t outlook offers a retrace/cooling wave to the sp'2760s.
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Bonus chart: China, monthly
The Shanghai comp' is well off the lows, currently -0.3% at 2837. A net July gain would be really helpful to those seeking strength in other world markets (including the US). For now though, the m/t trend is still pretty bearish, as we're well under the key 10MA.
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Goodnight from London
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