Monday, 24 September 2018

Just another retrace

US equity indexes closed on a weak note, sp -10pts (0.3%) at 2919. The two leaders - Trans/R2K, settled -1.4% and -0.4% respectively. VIX settled +4.4% at 12.20. Near term outlook threatens Tuesday weakness, but the month is still on track to settle net higher.




The week began on a moderately weak note, with the sp' settling moderately lower. Today was just another retrace after Friday's historic high of 2940. Whilst volatility did pick up, the VIX notably remained sub teens.

A little surprise in AH....

The US now has a new trade deal with South Korea. This was indeed a surprise, and comes as many (yours truly included) are more focused on a US/Canada deal. The ultimate deal - US/China, remains elusive, but I do expect one... probably to be announced in November. 

A very colourful end to day two of autumn.
Extra charts in AH (usually around 7pm EDT) @

Goodnight from London
If you value my work, subscribe to me.
For details: