Tuesday 23 January 2018

Behold, the acceleration

US equity indexes closed a little mixed,  sp +6pts at 2839. The two leaders - Trans/R2K, settled -0.1% and +0.3% respectively. VIX settled +0.6% at 11.10. Near term outlook offers the 2850/60s before end month. More broadly, big target remains 2950/3047, where we'll get stuck.




US equities opened fractionally mixed, but it was enough to generate new historic highs in five of the six main indexes (Transports remains a little laggy). With equities broadly strong, the VIX was subdued, settling in the low 11s.

Behold, the acceleration


When seen on a linear chart, you can really see the acceleration that I have been seeking. Even to me though, sp +165pts (6.2%) is pretty incredible to see.

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

Goodnight from London

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