Friday 26 January 2018

Climbing into the weekend

US equity indexes ended the week on a very positive note, sp +33pts (1.2%) at 2872. The two leaders - Trans/R2K, settled +1.1% and +0.4% respectively. VIX settled -4.3% at 11.08. First big target remains the sp'2950/3047 zone, viable as early as late Feb'.


sp'daily5



VIX'daily3



Summary

US equities opened moderately higher, but unlike yesterday, the gains were secure, with the market then seeing relentless algo-bot upward melt into the late afternoon. There was a quartet of new index historic highs: sp'500, dow, nasdaq comp', and nyse comp'.

Volatility was naturally subdued, with the VIX settling the week in the 11s.
--



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

Goodnight from London
--

If you value my work, subscribe to me.
For details: https://permabeardoomster.blogspot.co.uk/p/subscriptions.html